Income and expenses
As well as income and expenses, enter any disallowed expenses to be added back into the net taxable profit/(allowable loss) value.
| Field | Description |
|---|---|
| Turnover | |
| Cost of sales | |
| Construction industry subcontractor costs | |
| Other direct costs | |
| Gross profit/(loss) | |
| Other income/profits |
When using, include CJRS payments. From 2020/21 tax year ensure that any Coronavirus Support Payments received are included. |
| Employee costs | |
| Premises costs | |
| Repairs | |
| General administrative expenses | |
| Motor expenses | |
| Travel and subsistence | |
| Advertising, promotional and entertainment | |
| Legal and professional costs | |
| Bad debts | |
| Interest and alternative finance payments | |
| Other finance charges | |
| Depreciation and loss/(profit) on sale | |
| Other expenses including partnership charges | |
| Total expenses | Displays the sum of all the expenses added and the sum of the disallowed expenses. |
| Net profit/(loss) | Displays the difference between the income and expenses. |