Corporation tax

Tax › Corporation tax. For limited companies.

1. Select New computation and choose the Period start and Period end of the accounting period.
2. Enter the number of Associated companies and any Losses brought forward.
3. Review the Tax treatment of expense accounts: mark each as Allowable or Disallowable. Disallowable costs, such as entertaining, are added back.
4. Add any other adjustments, each with a description and an amount, as Add back or Deduct.
5. Select Compute.

The screen shows Profit per accounts, any Losses used, the Taxable profit and the Corporation tax payable.

When you are happy, select Finalise to fix the computation. Select Open to view it again.

Draft accounts pack (PDF) gives you the figures in a pack to review. For statutory accounts in the required format, use Year-end accounts.