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CT600 guidelines |
See Also
Adjustment of profit | Information for the return
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
The CT600 form is available in the software for CTSA accounting periods ending on or after 1 July 1999. You will be automatically prompted by the system to develop the return's supplementary pages where the underlying computation schedules have been completed.
The return can be generated from either the Develop, Administration menu options if the user is within the A schedule, or the P schedule.
Information on the substitute CT600 returns is drawn from three main areas in the software: the computation per the A schedule, the summary of capital allowances, and the Return information schedules (the 'P' series).
'A' schedule
The numerical information required on the CT600 will be calculated automatically by the software. The 'A' schedule is structured to provide the necessary information, with items being aggregated under headings reflecting the CT600. The totals to be printed on the return are displayed on the schedule in the Per return column. It is therefore very important to ensure that any entries from non-standard schedules are included under the correct heading, so that the amount is properly included in the appropriate caption on the return. Because of the structure of the A schedule to deal with these issues, it is important that only "controlled" changes are made to it, i.e. cells should not be unprotected or formulae changed without consulting the helpline.
Capital allowances
The CT600 requires an analysis of capital allowances and balancing charges by type, which will complete the captial allowance boxes (81 to 83 in CT600 (2004), 105 to 114 in CT600 (2005)) of the return and appears on the P2 schedule. Any allowances or charges which have not been calculated on standard schedules must be tied into the P2 schedule as well as the A schedule. To assist the preparer, the software gives an error if the total of allowances on the A schedule does not agree to the total on the CT600.
Information for the return
Other details such as the company name, address, tax reference number, signatory name and bank details for repayment claims should be entered onto the P schedule. There are four sections on this schedule for company details, the declaration, overpayment and repayment claims, and bank details for repayment. These should be completed as relevant before the CT600 is printed.
Additional information on completing the CT600 is held on the HMRC web site.
Printing the return
Refer to the Print help information to view the dialog box.
Return only
To print only the CT600, select the Return option in the print dialog box - take care with this option that the CT600 return matches the computation which is printed separately.
Computation and return
To print the computation and a CT600, select the Computation and return print option. Selecting Draft or Review prints the CT600 with draft markings, but changed entries will not be under Print shaded forms on review copies.
Attempting to print the CT600 when there are errors in the computation is likely to give printing errors.
Amending the return
When viewing the CT return on screen, it is possible to click on the entry fields to see the derivation of the entries by means of the formula on the Edit bar. You can view cross references to the computation by choosing Tools, Options and checking the box on the "Forms" tab.
Note: Box 66 may be blank when 0.00% is relevant (i.e. NCD etc applies) - this can be changed by going to the Format menu and selecting Cells, Numbers and changing the setting on "show zero as" to zero.
Note: It should only be necessary to edit the form in very exceptional circumstances, and you are advised to contact your helpline before doing so.
A range of standard supplementary returns may be developed from the first page of the CT600 return.
These pages do not carry forward.
Error | How to solve it |
| Unable to print the CT600 for the accounting period | The CT600 needs to be developed from the A schedule before it can be printed. To do this, select Administration and then CT600 from the Develop menu. The supplementary pages for the CT600 are developed from the CT600. |
© 2009 Thomson Reuters.