Corporation Tax Support

Enter a repayment of a loan to a participator within nine months of the year end in Corporation Tax

Where a loan to a participator has been repaid within nine months and one day of the year end in which it was advanced no s455 (s419) liability arises.
Corporation Tax will only enable you to enter details of loan transactions which occurred within the current accounting period.
  1. If the loan has been repaid within the nine months, you will need to create a new accounting period.
  2. Go to
    Company
     followed by
    Accounting Periods
     then
    New
    .
  3. Enter the details of the repayment.
The software will recognise if it is within the nine months and adjust the prior year as appropriate.

This article applies to:

  • Product: Digita Corporation Tax