Group Relief
Bells
Registered Posts: 13 New contributor 🐸
Hello,
I have always entered group relief when the company pays the other company for using the losses.
What is the double entry for group relief when there will not be any payment between the companies for the group relief? In the company using the group losses is it just DR Balance Sheet Tax Liability, CR P&L Tax? Does there need to be any disclosure in financial statements for the group relief? Is there any entry or disclosure in the company surrendering the losses?
Many Thanks for your help in advance.
I have always entered group relief when the company pays the other company for using the losses.
What is the double entry for group relief when there will not be any payment between the companies for the group relief? In the company using the group losses is it just DR Balance Sheet Tax Liability, CR P&L Tax? Does there need to be any disclosure in financial statements for the group relief? Is there any entry or disclosure in the company surrendering the losses?
Many Thanks for your help in advance.
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership