Tax Calculation

To access this screen select Data Entry | Calculation | Tax calculation

This screen displays boxes 330 to 440, (for periods starting before 01 April 2015, boxes 38 to 70 respectively), showing how the corporation tax chargeable has been calculated.

FAQ  - I have a company whose accounting period straddles two financial years but boxes 53 to 56 for the corporation tax chargeable are not being completed.

Remember that in some cases:

• you will not need to complete these fields; or

• you will only need to complete the details for one financial year, even if the CTAP straddled 31 March

Boxes 330 to 425 - Corporation tax chargeable

These fields show how the corporation tax chargeable has been calculated.

Only complete both financial years if:

• the CTAP straddles 31 March; and

• the rate of corporation tax was different for the two financial years

Otherwise only the boxes for the first financial year should be completed (see notes 330 - 425 in the Company Tax Return Guide).

Associated companies (boxes 39 to 41 – periods starting before 01/04/2015 only)

Enter the number of associated companies in each financial year.

Remember,only complete the fields for both financial years if ALL of the following apply:

• the corporation tax accounting period straddled two financial years; and

• the upper or lower limit for marginal relief has varied; and

• the number of associated companies was different in the parts of the corporation tax accounting period falling into the two financial years