Corporation Tax / Trade Computation Options

To access this option for a:

• Limited company select Edit, Corporation Tax Computation Options

• Sole trade or partnership select Edit, Trade Computation Options

All Business types

Suppress capital allowances warning

Use this options to suppress the capital allowances addition warning on the Corporation Tax or Trade Profit (Loss) Computation.

Limited companies

The following options only apply to limited companies:

Directors’ remuneration

Use this option to suppress the director's remuneration memorandum on the Corporation Tax computation.

Suppress non-trading CTAP reports

Use this option to suppress the Corporation Tax Computation for any non-trading CTAPs.

Suppress Profits from Trade

Use this option to suppress the Trading.

• Any value for the Profits from Trade profit or loss previously calculated will be set to £0.

• The trading losses memo will not print if the only reason it is printing is because of a trading loss in the period.  If the memo is printing because of losses brought forward or brought back it will still continue to print.

• No values will appear in boxes 3, 4, 5, 122 and 123 on the CT600 and data entry screens.

Enhanced Computation

The options in this section allow the Enhanced iXBRL Corporation Tax Computation to be customised. When any of the suppress options are ticked the selected section will not be included in the Enhanced iXBRL Corporation Tax Computation;

Suppress Coversheet

Suppress Table of Contents

Suppress Associated Companies

Suppress Overdrawn Directors Loan Account

Suppress Loan Relationships

Suppress Overseas Income

Suppress Property Income

Suppress Capital Gains

Suppress Deductions and Reliefs

Suppress Other Income