Add the Trading profits section to the return (or select it if already added), then select the Trade Summary tab.
Complete the section as follows, then select Save changes.
Trade profit adjustment
Net profit/(loss) per accounts - enter the net profit or loss per the accounts.
Add
Complete the Depreciation grid
Complete the Amortisation grid
Complete the Loss or (profit) on sale of fixed assets grid
Complete the Disallowable entertaining grid
Complete the Legal and professional fees grid
Complete the Remuneration not paid grid
Complete the Provisions and bad debts grid
Complete the Other disallowable expenses grid
Less: Amounts taxable under other schedules
Profits/(losses) from non-trading loan relationships
Shows the total amount to be treated as non-trading loan relationships income and excluded from trading profits. This includes bank interest received. Select Edit… to open the non-trading loan relationships grid. Non-trading loan relationship deficits in respect of interest paid are shown as negative amounts. To allocate a deficit against profits add the Losses and reliefs (including loan relationship deficits) section.
Complete the Annuities and annual payments grid
Complete the Non exempt dividends grid
Complete the Income from which income Tax has been deducted grid
Complete the Loss or (profit) on sale of fixed assets grid
Complete the Other income and gains grid
Income from UK land and buildings
Shows the total property income that should be excluded from trading profits. This figure is usually transferred automatically from the Property income section. Select Edit to Complete the Income from UK land and buildings grid.
Less: allowable deductions not in accounts
Complete the Enhanced research and development expenditure grid
Complete the Land remediation enhanced expenditure grid
Complete the Other deductions from trade profits grid
Net Capital Allowances
Shows the net capital allowances. Use the Capital allowances tab to record capital allowances.
Taxable trade profits
Taxable profit/(loss)
Shows the calculated total taxable trade profits for this accounting period.
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