Imputation system - Revision history

imported>Doug Williamson: Remove surplus link.

2022-06-25T12:25:53Z

Remove surplus link.

← Older revision		Revision as of 12:25, 25 June 2022
Line 19:		Line 19:
	* [[Corporation Tax]]		* [[Corporation Tax]]
	* [[Dividend]]		* [[Dividend]]
	* [[EU]]
	* [[Income Tax]]		* [[Income Tax]]
	* [[Tax credit]]		* [[Tax credit]]

imported>Doug Williamson: Layout.

2018-01-15T15:11:39Z

Layout.

← Older revision		Revision as of 15:11, 15 January 2018
Line 6:		Line 6:


	By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. ~~This results in the effective double taxation of the related business profits.~~		By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested.

	The UK used an imputation system up to 2016. From 2016 onward, the UK has used a classical system.		This results in the effective double taxation of the related business profits.


			The UK used an imputation system up to 2016.

			From 2016 onward, the UK has used a classical system.

imported>Doug Williamson: Update.

2016-08-31T20:27:04Z

Update.

← Older revision		Revision as of 20:27, 31 August 2016
Line 1:		Line 1:
	''Tax.''		''Tax.''

	A system ~~adopted~~ in the UK and most other EC countries, which wholly or partially imputes to the shareholders some of the corporation tax paid by companies on the income out of which dividends are paid.		A system formerly used in the UK and most other EU countries, which wholly or partially imputes to the shareholders some of the corporation tax paid by companies on the income out of which dividends are paid.

	The mechanism for imputation is a tax credit given to the shareholders at the time of a dividend, which can be used in full or partial payment of the individual's income tax liability.		The mechanism for imputation is a tax credit given to the shareholders at the time of a dividend, which can be used in full or partial payment of the individual's income tax liability.
Line 7:		Line 7:

	By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. This results in the effective double taxation of the related business profits.		By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. This results in the effective double taxation of the related business profits.

			The UK used an imputation system up to 2016. From 2016 onward, the UK has used a classical system.


Line 12:		Line 14:
	* [[Corporation Tax]]		* [[Corporation Tax]]
	* [[Dividend]]		* [[Dividend]]
			* [[EU]]
	* [[Income Tax]]		* [[Income Tax]]
	* [[Tax credit]]		* [[Tax credit]]

imported>Doug Williamson: Update link.

2016-08-31T11:50:35Z

Update link.

← Older revision		Revision as of 11:50, 31 August 2016
Line 5:		Line 5:
	The mechanism for imputation is a tax credit given to the shareholders at the time of a dividend, which can be used in full or partial payment of the individual's income tax liability.		The mechanism for imputation is a tax credit given to the shareholders at the time of a dividend, which can be used in full or partial payment of the individual's income tax liability.

	(By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. This results in the effective double taxation of the related business profits.)
			By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. This results in the effective double taxation of the related business profits.


	== See also ==		== See also ==
	* [[Corporation Tax]]		* [[Corporation Tax]]
	* [[~~Dividends~~]]		* [[Dividend]]
	* [[Income Tax]]		* [[Income Tax]]
	* [[Tax credit]]		* [[Tax credit]]

			[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]
	~~[[Category:Accounting,_tax_and_regulation]]~~

imported>Doug Williamson: Spacing 27/8/13

2013-08-27T08:31:07Z

Spacing 27/8/13

← Older revision		Revision as of 08:31, 27 August 2013
Line 1:		Line 1:
	''Tax.''		''Tax.''

	A system adopted in the UK and most other EC countries, which wholly or partially imputes to the shareholders some of the corporation tax paid by companies on the income out of which dividends are paid.		A system adopted in the UK and most other EC countries, which wholly or partially imputes to the shareholders some of the corporation tax paid by companies on the income out of which dividends are paid.

Line 5:		Line 6:

	(By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. This results in the effective double taxation of the related business profits.)		(By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. This results in the effective double taxation of the related business profits.)


	== See also ==		== See also ==
Line 12:		Line 14:
	* [[Tax credit]]		* [[Tax credit]]

	[[Category:~~Regulation_and_Law~~]]		[[Category:Compliance_and_audit]]
	[[Category:~~Taxation~~]]		[[Category:Accounting,_tax_and_regulation]]

imported>Charles Cresswell at 16:33, 18 June 2013

2013-06-18T16:33:35Z

← Older revision		Revision as of 16:33, 18 June 2013
Line 11:		Line 11:
	* [[Income Tax]]		* [[Income Tax]]
	* [[Tax credit]]		* [[Tax credit]]


			[[Category:Regulation_and_Law]]
			[[Category:Taxation]]

imported>Administrator: CSV import

2012-10-23T14:19:50Z

CSV import

New page

''Tax.''
A system adopted in the UK and most other EC countries, which wholly or partially imputes to the shareholders some of the corporation tax paid by companies on the income out of which dividends are paid.

The mechanism for imputation is a tax credit given to the shareholders at the time of a dividend, which can be used in full or partial payment of the individual's income tax liability.

(By contrast, 'classical system' tax rules - for example in the US - do not normally give any credit to individual investors for the corporate tax already paid by the corporations in which they have invested. This results in the effective double taxation of the related business profits.)

== See also ==
* [[Corporation Tax]]
* [[Dividends]]
* [[Income Tax]]
* [[Tax credit]]