Version 21.0 of Digita Corporation Tax introduced fields to be able to enter the Coronavirus payments that need to be reported separately.
The majority of these COVID-19 payments can be entered via
Accounts | Tax Paid/Payable
by populating the following fields:
Enter the total amount received by the company. This populates box 471 on page 5 of the CT600.
Enter the amount that the company was entitled to. This populates box 472. on page 5 of the CT600.
CJRS and JSS overpayment already assessed or voluntary disclosed
Enter any overpayment already reported to HMRC (paid or unpaid). This populates box 473 on page 5 of the CT600.
JRB and EOTHO overpayments
Only report overpayments of these that have not been repaid. This populates box 474 on page 5 of the CT600.
Coronavirus support schemes overpayment now due
This is an automatically calculated field, which populates box 526 on page 6 of the CT600.
Please note HMRC's guidance:
"This equals the sum of boxes 471 and 474 minus the sum of boxes 472 and 473. This is the total amount of coronavirus job retention scheme overpayment, job support scheme overpayment, job retention bonus overpayment and eat out to help out scheme overpayment that is currently outstanding. It forms part of your self-assessment and will be assessed to income tax. A separate assessment will be made by HMRC and you will be advised of the reference number and payment details in due course. This is not corporation tax or tax treated as corporation tax so you must not pay this liability with your main corporation tax liability."
Any overpayment reported will not show in the Payment Summary section of the Client Summary. In the Tax Computation, it will show as a separate row under the main liability, together with a note advising that HMRC will advise reference and payment details in due course.
Known Issues:
Box 647 on page 7 of the CT600 is for
EOTHO scheme: Reimbursed discounts included as taxable income
. While there isn't currently a data entry point for this field, you should take payments received into consideration when computing taxable profits.
This figure should already be included in the Turnover and Profit/(loss) per accounts fields within the Adjusted Profit schedule, but you will need to include the exact figure in Box 647.
Select
Go to Page
and enter page number 7.
Within box 647, you can right-click and select
Enable Editing
Select
Yes
to enter the figure you would like to see.
The edited figure will save automatically when you close the form.
You receive the error:
9382 - if Box 471 is completed then Box 526 must be completed.
This error is due to a writeback issue on Box 526 on page 6 of the CT600. If you have entered
CJRS and JSS received
and the
CJRS and JSS entitlement
amount is the same, then box 526 will not be populated. In these instances, box 526 should be populated with 0.
This issue has been corrected in version 21.2, which has now been released.
Alternatively, you can correct this by going to
Forms
then
CT600
.
Right-click on the form and select
Go To Page
and enter page number 6.
Right-click in box 526 and select
Enable Editing
, clicking
Yes
to the message and enter 0.
The figure will show in red when you view the form on screen, but will show in normal black font, when you print or submit the return. The edited figure will save automatically when you close the form.