Complete the Annuities and annual payments grid

Use this grid to enter details of annuities, annual payments & discounts received that are not otherwise charged to Corporation Tax. Any such receipts must be excluded from trading profits and included as separate income under the provisions of S976 to S978 CTA 2009.

1. Add the Trading profits section to the return (or select it if already added), then select the Adjustments to trade profit tab.

2. Select Edit to open the grid and complete as follows:

   • Description – enter a description of the payment.

   • Per accounts – enter the income included in the accounts. This figure will be deducted from the trading profits chargeable to tax.

   • Taxable – enter the income taxable under Chapter 7 of Part 10 of CTA 2009. This entry will default to the full amount included in the accounts but can be changed.

3. A new line is automatically added. Unwanted lines can be deleted using the bin icon. Select Save changes.