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Tonnage tax frozen pool |
See Also
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
The tonnage tax frozen pool manages your assets within the tonnage tax regime. Transfers are taken from the capital allowance schedules and adjustment can be made for group transfers.
The schedule is generated from the Re-classification and analysis menu option on the Develop menu from within the Fixed assets schedule. It is categorised as a B schedule.
The schedule picks up data from the B schedules to include in the transfers section in the bottom half of the schedule. Manual links may be required if there is no area to transfer assets on the relevant B schedule. Other amounts being transferred to the pool may be entered in the appropriate data entry fields.
Amounts brought into and out of the pool by group transfer can be entered in the data entry cells in the top half of the schedule.
The schedule will track any amounts in the pool brought and carried forward.
The schedule has no standard supporting schedules.
The value of the pool at the end of the period is carried forward to the subsequent year.
© 2009 Thomson Reuters.