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Coronavirus support scheme payments should be reflected through the accounts to be considered when deriving at the profit/loss figure and the subsequent Corporation tax liability.
To enter Coronavirus Support Scheme Overpayments select Data Entry | Calculation | Coronavirus Support Schemes and Overpayments
Box 471 - CJRS and JSS received
Enter the total of the coronavirus
job retention scheme (CJRS) and job support scheme (JSS) payments
were claimed for the accounting period covered by the return.
Box 472 - CJRS and JSS entitlement
Enter the total amount of CJRS and
JSS payments that the company was entitled to claim for the accounting
period covered by the return.
Box 473 - CJRS and JSS overpayment
already assessed or voluntary disclosed
Enter any CJRS and/or JSS payments
which have already been assessed by HMRC paid or unpaid, or that have
been voluntary returned to HMRC (paid only).
Box 474 - JRB and EOTHO overpayments
Enter any overpayments of job retention
bonus (JRB) and eat out to help out scheme (EOTHO) that the company
has received and not repaid for the accounting period covered by the
return.
Box 526 - Coronavirus support schemes
overpayment now due
This field is automatically calculated
and is equal to the sum of boxes 471 and 474 minus the sum of boxes
472 and 473.
This is the total amount of CJRS
overpayment, JSS overpayment, JRB overpayment and EOTHO overpayment
that is currently outstanding. It forms part of your self-assessment
and will be assessed to income tax.
Payments received for the Eat Out to Help Out (EOTHO) Scheme are taxable and must be included in the Turnover figure.
Box 647 - Eat Out to Help Out Scheme:
reimbursed discounts included as taxable income
Enter the total value of any EOTHO
Scheme claims that are reflected in your trading turnover for this
return period.
Grants and payments from schemes to support businesses during coronavirus (COVID-19) should be included as income when calculating your taxable profits in line with the relevant accounting standards.
If you are completing a company tax return on your client’s behalf, you will need to check the coronavirus grants they received; this is particularly important if another agent made a CJRS claim on their behalf, or they claimed a grant themselves from a local authority or another public body.
Visit GOV.UK to find out if you need to include a COVID-19 grant or support payment on your tax return.