Ring Fenced Trades (CT600I)

To access this screen select Data Entry | Ring fenced trades (CT600I)

Use this screen to enter:

• Ring fence profits or loss on ring fence trade

• Disallowed financing costs:

• Relating to company itself

• Relating to loss relief surrendered to the company

• Decommissioning adjustment

• Losses brought forward

• Decommissioning reduction

• Field Allowance

• Ring fence Corporation Tax

• Supplementary charge tax

Business Tax will use the figures that have been entered into the screen to calculate the net profit or loss subject to ring fence charge under S501A ICTA 1998.

Profit will then be multiplied by the tax rate shown on the Corporation Tax computation.