Knowledge Base - CT600 Corporation Tax Return

CT600 Corporation Tax Return

	How to complete the entries for notice of consent (CT600C) using V3 Form CT600C Group and Consortium This article covers the V3 form of CT600 If you are completing the group and consortium pages to either claim or surrender losses for group relief, you may have to add a notice of consent form, if there is no simplified arrangement in place. Simplified...
	12 Feb, 2021 Views: 3876

	How do I complete a CT600 for a property company? (Business users) To complete a CT600 for a property company, follow these steps: Open the CT600. Go to Company Type (SimpleStep mode) or Information (HMRC Forms mode). Tick the box labelled Should the company be taxed as a Property Business (formerly Schedule A)? Open the Tax Adjusted Profit/(Loss)...
	03 Aug, 2020 Views: 3858

	How to enter multiple trades on the CT600? Unfortunately, you cannot enter multiple trades on the CT600. Instead you need to enter the combined figures into the computation to show the overall position and then attach a PDF computation for each trade to show the individual computations. This can be done in either SimpleStep or HMRC Forms...
	25 Oct, 2022 Views: 3691

	Where to enter Coronavirus Support Schemes on CT600s This article will run through where to enter Coronavirus Support Schemes on a CT600. You can enter this information in one of two ways: SimpleStep mode: Coronavirus support schemes and overpayments > boxes 471 - 474 as required. HMRC Forms mode: CT600 Core > Core > Page 5 >...
	04 May, 2023 Views: 3629

	Where do I enter Special Withholding Tax on a CT600? To enter Special Withholding Tax on a CT600, follow these instructions: CT600 (2015) Version 3 SimpleStep mode – CT600 Core > Reliefs and deductions in terms of tax > Double taxation relief. HMRC Forms mode – CT600 Core > Page 5 > Box 450. CT600 (2008) Version 2 PLEASE...
	29 Mar, 2017 Views: 3555

	How do I add a new asset to the Capital Allowances grid? To enter a new asset on the Capital Allowances grid, first go into the Capital Allowances wizard. SimpleStep mode SA100 – Your Work > Self Employment > Short/Full Form – Details > Capital Allowances SA800 – Trades or professions for (XXX) > Capital allowances for > CA...
	03 Aug, 2020 Views: 3345

	You must enter the Type of Capital Allowances / Purchase Date If you receive either of these error messages when you click on Check & Finish, it means that there's an empty asset somewhere within the Capital Allowance wizard. To correct this you will need to go into the Capital Allowance wizard in SimpleStep mode and remove the empty asset. Further...
	28 Mar, 2022 Views: 3111

	How do I view, modify or import old CT600 returns? (Practice customers) If you want to open a CT600 return made in an earlier version of TaxCalc, follow these steps: Go to Practice Manager. Click on Import Client Select the tax year you wish to import the file from click Continue Choose if you want to import a single return or multiple returns and Browse to...
	29 Mar, 2022 Views: 3050

	How do I remove the watermark when printing a return? If you want to remove a watermark from a tax return, you'll need to amend the printing preferences: Open the tax return. Click on Check and Finish. Click on Print or paper file return. Click on Next Step in the HMRC warning message (if applicable). Un-tick Would you like to add a watermark?...
	29 Mar, 2022 Views: 2949

	Super Deduction calculations when the period end straddles 1 April 2023 Claiming the super-deduction in a period that straddles 1 April 2023 The rate of the super-deduction will require apportioning if a CT period in which the qualifying expenditure occurs, straddles 1 April 2023. The rate should be apportioned based on days falling prior to 1 April 2023 over the...
	13 Sep, 2023 Views: 2775

	How do I offset current year trading losses against other profits or chargeable gains on a CT600? To offset current year trading losses against other profits or chargeable gains on a CT600, follow these steps: SimpleStep go to CT600 > Losses, Management expenses, NTLRDs and NTLIFAs > Trading Losses > Enter the amount in the box labelled Set against other profits or chargeable...
	20 Apr, 2023 Views: 2671

	How do I unlock my return? Your return is locked if: all fields in TaxCalc are filled in yellow a no-entry symbol appears when you hover over the fields with your mouse you can't enter data into the fields. To unlock the return, follow these steps: Click on File from the top menu. Remove the tick next to Lock...
	02 Mar, 2018 Views: 2582

	CT600 how to claim terminal loss relief What is Terminal Loss Relief Where a company has stopped trading and it has made a loss in its final 12 months of its trade the relief is extended as the company can carry back any trading losses that occur in the final 12 months of a trade and set them off against profits made in any or all of...
	21 Mar, 2024 Views: 2521

	CT600 (version 3) Important Information This form is used for periods starting on or after 1st April 2015. After a successful beta of this return type, online filing has been enabled. If you do notice anything unusual, you should report it to the Support Team at support@taxcalc.com. Please note that the 2015 CT form no longer has a...
	04 Apr, 2023 Views: 2357

	Why can't I print PDF attachments? TaxCalc can only print PDFs created using versions 1.4 to 1.7. To check the version of your PDF, complete the following steps: Open the PDF document. Click on File in the left-hand corner. Click on Properties. Check the version number in the pop-up window. If you can't print the PDF,...
	17 Feb, 2021 Views: 2328