Updating CCH Corporation Tax
Last update:CCH Fixed Asset Register
Overview: Tangible Fixed Assets
The document outlines the functionality of the Tangible Fixed Assets area in CCH Corporation Tax, which summarizes fixed asset details, including Additions and Disposals. It explains the process of reconciling these figures and their role in calculating Capital Allowances. It also details how data from CCH Accounts Production and CCH Fixed Asset Register can be imported into CCH Corporation Tax, along with instructions for setting up tax links, exporting data, importing it, and editing assets. The document includes links to further guidance on these processes.
CCH Fixed Asset Register
Grant-funded assets / Assets bought under finance
The document outlines the accounting treatment for grant-funded or financed assets, emphasizing their inclusion in the fixed asset note of financial accounts. It specifies that the cost of the asset is recorded in the Fixed Asset Register (FAR) and subsequently incorporated into CCH Corporation Tax, allowing users to determine the appropriate tax treatment.