Adjustments, Overlap and Tax

How is this screen accessed

All the loss figures on this screen should be entered as positive numbers. The fields marked 'adjustment' may be negative, if required. Amounts, except tax deducted, should be entered in whole pounds. If pennies are entered, amounts will be rounded.

Field Description	2014 onwards	2008 to 2013	2008	2006	2001 onwards	1998 to 2000	Box no. 1997
Adjustment to arrive at profit or loss	68 SEF4	67 SEF4	66 SEF4		3.77	3.74	3.71 or 3.78
Overlap profit brought forward	n/a	n/a	n/a		3.78	3.75	n/a
Adjustment on withdrawal of cash basis	71 SEF4	70 SEF4	69 SEF4		3.82	n/a	n/a
Adjustment for farmers averaging	72 SEF4	71 SEF4	70 SEF4		3.81	3.78	3.72 or 3.79
UITF40 adjustment	71 SEF4	70 SEF4	69 SEF4	3.82
Current year losses	77 SEF4	76 SEF4	75 SEF4		3.84	3.80	3.81
Loss offset against other income	33 SES2 78 SEF4	32 SES2 77 SEF4	30 SES2 76 SEF4		3.85	3.81	3.82
Loss offset against capital gains	n/a	n/a	n/a		8.5	8.5	8.5
Loss to carry back	34 SES2 79 SEF4	33 SES2 78 SEF4	31 SES2 77 SEF4		3.86	3.82	3.83
Loss brought forward from last year	n/a	n/a	n/a		3.88	3.84	3.85
Loss to carry forward	35 SES2 80 SEF4	34 SES2 79 SEF4	32 SES2 78 SEF4		3.87	3.83	3.84
Any other business income	30 SES2 75 SEF4	29 SES2 74 SEF4	27 SES2 73 SEF4		3.91	3.87	3.88
Deductions made by contractors (CIS25)	38 SES2 81 SEF4	37 SES2 80 SEF4	35 SES2 79 SEF4		3.97	3.92	3.93
Any other tax deducted	82 SEF4	81 SEF4	80 SEF4		3.98	3.120	n/a

IRIS will automatically compute any loss to carry forward. This will be based on the current year's loss less any amount set against other income, capital gains or carried back.

The loss to carry forward box refers only to the current year's losses. It should not include any unused losses brought forward. IRIS will also automatically compute the amount of any loss brought forward and used this year.