Reliefs and deductions in terms of tax

To access this screen select Data Entry | Calculation | Reliefs and deductions

The Reliefs and deductions tab on this screen includes boxes 440 to 475. (For periods starting before 01 April 2015, boxes 70 to 78 respectively). See below for further information about each field.

Box 445 - Community investment relief

Business Tax does not currently cater for this relief.

Box 450 - Double taxation relief  

Click Edit DTR to enter the amount of any DTR to be set off against the corporation tax.

• Select box 455 if the amount includes an underlying rate relief claim

• Select box 460 if the amount includes an amount carried back from a later period

Box 465 - Advance corporation tax

Business Tax calculates the amount of ACT that can be utilised. Click Edit ACT to enter details for ACT and Shadow ACT.