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To access this screen select Data entry | Calculation | Deductions and Reliefs and click Management Expenses.
Business Tax calculates the amount of management expenses that can be utilised in this period.
When you first use a client in Business Tax you must enter any excess management expenses brought forward in this field. In future years, Business Tax completes this field for you when you run Bring forward. The amount brought forward is added to any excess management expenses incurred in the period and utilised against total profits (box 240).
Enter any management expenses incurred in this period.
Business Tax calculates the amount of management expenses which can be utilised automatically. Select the option to override the amount.
Select Data Entry | Groups and Consortium (CT600C) and complete the Surrender as Group Relief tab. Business Tax checks to ensure the amount is valid. The amount entered in the Excess of Property losses over profits field of the Allocation table will be copied to this field.
Excess management expenses carried forward are calculated automatically and cannot be overwritten. The program adjusts this field for any other changes you make.