How To
Creating a Trade - 1 or 2 Accounting Periods
CCH Corporation Tax
You can create a trade:
When one or two accounting periods (APs) are present in the period of account (POA).
When three accounting periods are present, of which only two can be trading APs.
Once the limited company client has been set up and a relevant period of account created and opened, it is necessary to add a trade(s) / business(es) if there is any trading activity in the company.
Create a trade - 1 or 2 accounting periods
On the client details page click Tax Returns and then click the Period of Account you want to create a trade for.
On the Data Navigator on the left, click Trading Income.
In the Trade column, enter a unique name.
If the trade commenced within the period, enter the date the trade activity commenced in the Trade Commencement column.
If the trade ceased within the period, enter the date the trade activity ceased in Trade Cessation column.
In the Primary trade? column, select or clear the check box as required:
- Select the check box to ensure the relevant trade is the default trade for all Per accounts adjustments.
- If the check box is clear, you will need to manually allocate any Per accounts adjustments between any trades present and non-trade activity from within the relevant data entry windows.
The Type field will default to "UK trade" with a drop down to select other Trade / business types
Related documents
CCH Corporation Tax 2026.3: Release Notes
Release Notes for CCH Corporation Tax 2026.3
CCH Corporation Tax 2026.2: Release Notes
Release Notes for CCH Corporation Tax 2026.2
Getting Started
This document provides a quick start guide for using CCH Corporation Tax software. It outlines essential features such as the Data Navigator, which assists in completing clients' Returns, and the use of Breadcrumbs for navigation. Additionally, it explains the functions available in the Ribbon panel located at the top of the screen. Overall, the document aims to streamline the user experience by highlighting key tools and navigation methods within the software.
Non Trade Loan Relationships
This document outlines topics related to Non Trade Loan Relationships in corporate tax computations. It includes links to sections on Non Trade Loan Relationship Summary, Credits, and Debits, detailing how to input and summarize these tax-related items in the Data Navigator. Each section describes the process for entering data and how totals are summarized for reporting purposes. Additionally, it links to related topics like Foreign Income and Miscellaneous Income.
Document Publishing
This document outlines the options for electronically storing tax returns and computations using CCH Document Management and CCH OneClick. It emphasizes that access to these tools requires appropriate licenses and user rights. Users can publish tax returns and computations both in draft form for client review and at various stages in the submission process to HMRC. The document includes specific links to guides on how to publish documents using both systems.