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This screen can only be completed for periods starting before 01 April 2015.
To access this screen select Data Entry, Loans to participators by close companies (CT600A), Loans repaid, released or written off and relief due now.
Use this screen to enter details to appear in Part 3 of CT600A (Boxes A8 to A11) where:
the loan was made during the return period, and
where repayment, release or write off was more than 9 months after the end of the period in which the loan was made, and
the return was submitted after the date on which relief is due
Please Note : Loans made in an earlier period which were repaid during this period should NOT be entered on this period's CT600A. Make your claim for repayment of the S419 tax separately.
To enter new details click on the words "Click here to add information" in the white space. This displays a data entry panel where you can enter the:
name of the participator or associate,
amount repaid,
amount released or written off
date of any repayment or write off.
To amend details for a director either double click on his name or highlight his name and click Select.
To delete details highlight the director’s name and then click Delete.
Boxes A8 to A11 are calculated by the system.
Please note that values should only be entered here for repayments or loans taken out during the period. For this reason if Business Tax detects that repayments are greater than the value of the loans taken out in the period a warning will be displayed asking the user to amend the data entered.