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D schedule - Tax payment surrenders |
See Also
A schedule - Group summary | D schedule - Tax payment surrenders | Group tax payments | Non Abacus company | O schedule - Group members | Tax payments and interest
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule allows the surrender between companies of surplus tax paid or a refund of tax due under FA 1989 s 102.
Note: where the Group module D schedule (Tax payments surrenders) has been used to allocate claims/surrenders of tax payments inter group, a series of error messages may arise. These may be cleared by:
This schedule is automatically developed in every group file.
Instructions on completing the schedule are given below:
Under the provisions of FA 1989 s 102 , tax must be surrendered between companies with identical accounting periods. The Group module does not check the validity of any surrenders made. Surrenders may only be made for periods ending after 30 September 1993, i.e. 'Pay and File' periods.
As in the A schedule (Group summary), entries on the matrix must be positive numbers but may be either figures or formulae.
This is the amount of tax remaining to be paid after any set off of ACT, corporation tax paid, income tax suffered and any Construction Industry Deduction Scheme payments made.
This is the total amount of tax payments surrendered from companies with surplus tax paid.
This shows the tax due or overpaid before the surrender.
Total tax payments surrendered
This is the total amount surrendered by each company in a net surplus position.
Unallocated overpayments available
For each surplus company, this is the amount of surplus available to surrender, after taking account of surrenders already entered.
Total overpayment/ net tax due
Indicates the net tax due or overpaid on a group-wide basis.
Details for companies where the computations have not been prepared using the software should be entered on the appropriate Non Abacus company schedule. This schedule may be developed from any of the principal schedules.
The user can enter the date and amount of any group tax payments made. See also the A4 schedule (Group tax payments).
© 2009 Thomson Reuters.