Group Company

Group Company
A group company is a term referring to an organization that is either a subsidiary undertaking or a holding company within a larger conglomerate.
Group Income
Group income refers to a dividend paid by one group company to another within the same corporate structure. These dividends received are not subject to corporation tax.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.