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To access this screen select Data Entry, Loans to participators by close companies (CT600A), Loans repaid released or written off.
Use this screen to enter details to appear in Part 2 of CT600A (Boxes A4 to A7) where loans made during the period have been repaid, released or written off after the end of the period but earlier than 9 months and 1 day after the end of the period.
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 A4 to A7 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.