Blonde moment - company made loss but earned interest income - which boxes on CT600?
Monsoon
Registered Posts: 4,071 Beyond epic contributor 🧙♂️
I'm having a really dumb moment and can't immediately find the answer on google.
Company made a loss but received £25 in interest. I can't remember how to show this on the CT600 so they don't pay any tax (oh, the shame, I know!).
Box 3 profits £25
Box 4 losses offset £25
Box 5 profits -£25
Box 6 Interest £25
Net income nil. no tax
Sound right? Because my software says it's wrong :-)
Help??
Thanks!
Company made a loss but received £25 in interest. I can't remember how to show this on the CT600 so they don't pay any tax (oh, the shame, I know!).
Box 3 profits £25
Box 4 losses offset £25
Box 5 profits -£25
Box 6 Interest £25
Net income nil. no tax
Sound right? Because my software says it's wrong :-)
Help??
Thanks!
0
Comments
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The box is called 'profits within this or a later period' but I can't remember the number of the box.
My software brings up some warning as well and it doesn't print a good loss schedule so I always end up attaching a pdf version.0 -
Thank you!!
Edit:
Box 30 :-)0 -
Ta, wasn't at work so couldn't easily look it up!!! Finished at 2.30pm ;-)0
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Bluewednesday wrote: »Ta, wasn't at work so couldn't easily look it up!!! Finished at 2.30pm ;-)
Growl. I'm here til I've finished. Going on holiday next week so want to get as much finished as I can....!! Thank you SO much for the help - obviously this was a late client with a 31st May deadline so good to get this one out today!0
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