Lesson 2C - Bank Interest


The Trust has a bank account which has received interest during the year ended 5th April 2003.

  1. Click the plus sign next to the Interest section.

  2. Highlight Banks and other deposit takers.

  3. Click New on the top-right corner of the screen.

  4. Enter the following details:

Description

Barclays Bank

 

Current Account

Acquired

010190

Disposed of

011102

  1. Check the details have been correctly entered and then click OK.

  2. Click New at the bottom of the screen and enter the following details:

Net interest

920.00

Date interest received

010502

  1. Check the details have been correctly entered and then click OK.

  2. Click New at the bottom of the screen again and enter the following details:

Net interest

840.00

Date interest received

011102

  1. Check the details have been correctly entered and then click OK.



The tax and gross amounts are automatically computed by Trust Tax based on the net amount entered.
 

 

Lesson 2D - UK Dividends