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How to adjust corporation tax computation for tax free online filing incentive
I've entered the £100 tax free payment to the right nominal account code, but it isn't being adjusted in the corporation tax computation - it should be deducted from profits as it's tax free, but it isn't. I'm £21 different between the corporation tax return and FAC - how can I correct FAC as the corporation tax due is wrong. Help?
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Inappropriate?Philip,
Thanks for pointing that out - you're right that we're not handling that correctly in our calculations, and we'll aim to address that in our next release. -
Inappropriate?Hi Ed, thought I'd bump this as this doesn't appear to have ever been resolved, meaning people who have claimed online filing incentives are paying the wrong amount of corporation tax.
This was brought to my attention in this thread on the Contractor UK forums.
Inspecting my P&L and Corp Tax calculations, it appears to still be using the same operating profit figure on my Corp Tax calculation which includes the £75 filing incentive I've claimed so far.
I’m concerned
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Inappropriate?Luke,
Thanks for the bump.
We'll take a closer look at what we'd need to change to make this work right (normally it'll be something small but critical, but there are a lot of tasks like that in our to-do list!) and aim to get this changed in the next-but-one release... -
Inappropriate?Sorry to keep bumping this but as the end of my company's accounting year approaches I'm keen to see this resolved.
I’m confident
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Inappropriate?Any update on this please? -
Inappropriate?Hello Philip, Luke et al,
Just to confirm that this has now been fixed and so you should now see the online filing incentive removed from operating profit in your tax computations.
If you have any problems please do let us know.
Kind regards,
Emily
EMPLOYEE
EMPLOYEE
