CCH Corporation Tax
Bad debts
This document outlines the reporting of bad debts in accounts and the associated tax adjustments. It describes the process for entering relevant data, including previous and current amounts for bad debts, utilized amounts affecting tax adjustments, and other movements that do not impact tax. The document emphasizes the automated calculations for carry forward amounts and tax adjustments, which are incorporated into the trading profit/loss computation. Additionally, it mentions that only one entry is allowed per type of bad debt and provides a link to related trade data entry resources.