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Filing Date

The deadline by which your Company Tax Return must be delivered to HMRC - normally 12 months after the end of your accounting period.

Also known as statutory filing date.

Financial Accounts

See 'annual report and accounts'.

Financial year for Companies Act purposes

Your company's financial year begins and ends with the dates covered by your company's annual report and accounts as submitted to Companies House - usually but not always matches your Corporation Tax accounting period.

Financial year for Corporation Tax purposes

The tax year is called the financial year or fiscal year and runs from 1 April to 31 March.

First-Year Allowance

A type of capital allowance. In certain circumstances you may be able to claim this allowance in the year in which you incurred the expenditure.

Fiscal Year

See 'financial year for Corporation Tax purposes'.

Franked Investment Income (FII)

Arises where a company receives a distribution and is entitled to a tax credit in respect of that distribution.

The amount of the FII is equal to the aggregate of the value or amount of a distribution together with the amount of the tax credit.

Full Rate

See 'main rate'.