Create new return

Base CT return on set of existing accounts

If the company has a set of accounts shown on its client list, then you will have the option to base the new Corporation Tax return on those accounts. The return will include information taken from the accounts, including:

• Non-financial data, such as the company name and address and details of the signatory
• Trade turnover and profit (or loss)
• Disallowable entertaining expenses
• Profit (or loss) on sale of fixed assets
• Depreciation
• Interest received

1. Select the Base CT return on set of existing accounts radio button.
2. Choose from the drop-down list the set of accounts on which the return will be based. The software will populate the CT period start and CT period end boxes with the relevant dates.
3. Click Create CT Return. Corporation Tax opens in the selected period.

New CT return – no integration

If any of the following apply:

• the company does not have a set of accounts shown on its client list
• you don’t want to import any data into Corporation Tax from the accounts
• none of the accounts on the list match the required Corporation Tax period

then you can choose to create a new Corporation Tax period not based on a set of accounts:

1. Select the New CT return – no integration radio button.

   The radio buttons will not be visible if the company does not have a set of accounts shown on its client list.

2. Enter where indicated the CT period start date.

3. The CT period end date will be automatically entered, giving a 12 month CT period.

   You can amend the CT period end date, to make the period either longer or shorter than 12 months.

4. Click Create CT Return. Corporation Tax will open in the selected period..

Long periods of account

If the CT period is longer than 12 months, then Corporation Tax will divide the period into two accounting periods, to enable you to enter information separately for each. It will also allow you to create two CT600 returns, one for each accounting period.