Calculation of tax outstanding or overpaid

To access this screen select Data Entry | Calculation | Reliefs and deductions and click the Calculation of tax outstanding tab.

The Calculation of tax outstanding tab on the income screen includes boxes 475 to 525. (For periods starting before 01 April 2015, boxes 78 to 86 respectively). See below for further information about each field.

Boxes 480 and 485 - Tax payable on loans to participators

Business Tax completes box 480 with the amount entered in box A20 on the CT600A. Box 485 is ticked automatically if there is an amount in box A70.

Box 490 - CFC tax payable

Business Tax completes this field with the total of column J from the CT600B.

Box 495 - Bank Levy payable

Enter any Bank Levy payable charged in this period.

Box 505 - Supplementary charge (ring fence trades) payable

Business Tax completes this field with the value in box I70 from the CT600I.

Box 515 - Income Tax deducted from gross income included in profits

Enter any income tax deducted in this field.