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Enter a loan to participator in CT600A in Corporation Tax Advanced

Before entering the participator's loan details, you'll need to develop a summary schedule.
  1. Go to the
    A Schedule [Adjustment of Profit]
    ,
    Develop
    ,
    Tax
    , then
    Loans to participators: Summary
    .
  2. From the
    Loans to participators: summary schedule
    , select
    Develop
    , then
    Loan to participator — support schedule
     to develop the data entry schedule.
  3. Complete the schedule:
    1. Enter the participator's
      Name
      .
    2. In
      Adjustment to b/f amounts
      , enter any adjustments to the brought forward amount that aren't relevant for this return.
    3. In
      Net additions this return period
      , enter the amount of loans made this period net of any repayments/releases of current period loans.
    4. Current period loans repaid within 9 months
       — enter the amount of any repayment of a loan made during the current period within 9 months and 1 day of the accounting period end.
    5. Current period loans released or written off within 9 months
       — enter the amount of any release or write off of a loan made during the current period, within 9 months and 1 day of the accounting period end.
    6. Date of release, repayment or write off
       — enter the date for release, repayment or write off within 9 months and 1 day of the current period end.
    7. Current period loans repaid after 9 months AND return is submitted after relief is due
       — enter the amount of any release or write off of a loan made during the current period, but repaid more than 9 months and 1 day after the period end where the return is submitted, after the date on which relief is due. That is, more than 21 months after the period end.
    8. Current period loans released or written off after 9 months AND return is submitted after relief is due
       — enter the amount of any release or write off of a loan made during the current period, but released or written off more than 9 months and 1 day after the period end where the return is submitted, after the date on which relief is due. That is, more than 21 months after the period end.
    9. Date of release, repayment or write off
       — enter the date for release, repayment or write off after 9 months and 1 day of the current period end.
    10. Have loans this period been released or written off before the period end?
       — enter
      Yes
       or
      No
      .
  4. If multiple participators have received loans, you can develop further support schedules from the summary schedule.

This article applies to:

  • Product: Digita Corporation Tax Advanced
  • Subject: Documents

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