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Information for the return |
See Also
Amounts claimed as group relief | Amounts surrendered as group relief | CT600 | Multiple overseas branches | Overseas branch | Tax rates
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
The software automatically produces most of the details for the completion of the forms CT600 for CTSA accounting periods ending on or after 1 July 1999. This schedule is used for additional information that is not already contained elsewhere in the computations.
For the first relevant period the user is required to enter details on this schedule. The information will then be carried forward to subsequent periods.
The details required are:
- Company address;
- Tax district number;
- Tax reference number;
- Tax file number.
- Name of signatory
- Status of signatory (assumed to be the Company Secretary)
- Overpayment and repayment information (bank sort code etc.)
Where the Address differs from notice? selector is set to Yes, the address details entered will then be transferred to first page of the CT600.
The HMRC information will be available from forms CT203 or CT603, the Notice to deliver a corporation tax return.
Various selector flags control the setting of some of the cells and should be changed according to the circumstances of the company. For CTSA periods in which the company file is linked to the Group module, some of these selectors will interact with the Group O schedule (Group members), for example the flags Within group payment arrangements and Group module - Within simplified arrangements?
From 2007, a further flag has been added Override group simplified arrangements? This will only be enabled when the Group module - Within simplified arrangements? flag hasn?t been set by the group module. This flag is required to be set for efiling purposes.
For investment companies an additional flag Type of computation is included for 2003 files. The options available are Standard (the default), Close investment, AIF (Authorised investment fund) and Investment trust. Tax will be calculated at a rate appropriate to the selection.
From 2011, an additional flag is available Overseas branch exemption applies? If this is set, further options become available which allow the software to calculate the correct amount of exemption: -
From 2013 additional options have been provided to support online filing of corporation tax computations. Within the iXBRL file it is necessary to identify on which register the entity is registered and its unique identifier on that register. For example, where the company is registered under the Companies Act 2006, the register is http://www.companieshouse.gov.uk/ and the identifier is the company?s registration number. Where the entity is registered under the Companies Act 2006 this information is populated automatically and you need take no further action.
Where the entity is not registered under the Companies Act 2006 you are required to provide some additional information to enable HMRC to identify where the entity is registered and the entity?s registration number. The following steps guide you through the process of entering these details if necessary:-
For further guidance refer to the HMRC help sheet for XBRL tagging.
There are two standard group relief sub-schedules:
Amounts claimed as group
relief
Amounts surrendered
as group relief
A number of other schedules may also be developed from this schedule - please see the schedule map for more information.
On carry forward, this schedule is automatically present.
There are a significant number of errors that may arise from within this schedule, and these particularly relating to e-filing requirements.
© 2013 Thomson Reuters.