Dear Tutor,
As per lec notes page 107 (sec 7, interest income, point (b)), "Companies receive all interest GROSS"
I didn't really understand the above phrase. Can you please explain me what exactly does that mean?
Thank you.
Ask the Tutor ACCA TX-UK
chap-16 CORPORATION TAX
Without any collection of tax at source - individuals now also receive interest gross without deduction of tax at source as you will already have learned
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