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A. Develop the Validate Claims / Surrender Sheet  

1. Develop the sheet from B Group relief matrix > Validate claims / surrenders.

2. The validate claims and surrenders sheet will display and validate the actual claim made between the selected profit maker and loss maker on the B sheet, see Step D below.

B. Add Group Relief Orders

1. You are required to enter the order in which the allocation will run for both the profit makers and loss makers on the B sheet. This is crucial because the corresponding period automatic allocation will use the order that you give when allocating group relief.  

2.  The order for the loss makers should be entered at the bottom of the B sheet and the order for the profit makers should be entered at the far right of the B sheet.

Hints and Tips: 

• Enter numerical values in ascending order to define the group relief order. A loss maker with order 1 will have its losses used up before a loss maker with order 2.

• It is advisable to leave spaces between orders in case these need to be amended later.

• Negative order numbers can be entered to exclude companies from the automatic offset

• All order numbers must be unique and duplicated order numbers will display a red error.   

C. Run Corresponding Period Automatic Group Relief Allocation

1. Once order numbers have been entered, click on the allocate reliefs button on the B sheet, select Corresponding periods and click OK. This will allocate group relief on the matrix using the order you provided in Step B.

Hints and Tips: 

• Manual group relief claims should be entered before the corresponding period option is run. Where the manual claim is deemed to be invalid, the group module will simultaneously enter its own value into the cell on the B matrix. A selector will become available on that cell to allow you to flex between the two values. 

• The corresponding period option uses the group module period start / end dates and company join / leave dates to calculate the apportionment of available profits and losses. 

• You may get a Surrenders exceed losses available error on the B Sheet where the single company offsets within the company file need to be manually amended before any group relief can be offset. These can be amended on the A3 losses and allowances sheet.

D. Validating a Claim

1. Any group relief claim between a pair of companies on the group relief matrix can be validated by selecting that claim and clicking on the Validate claims button on the group module toolbar.

2. The validate claims and surrender sheet developed in Step A displays the actual claim made between the selected profit and loss maker. All prior claims by the profit maker and prior surrenders by the loss maker are shown proving the validity of the claim. The sheet shows an error when an invalid claim is entered on the B sheet.