Topic results Loss Utilisation

CCH Corporation Tax
Tax Credits
The document provides guidance on claiming tax credits for losses related to Research and Development, First Year Capital Allowances, Land Remediation, and Creative Industry trades. It details the use of the Tax Credits input screen within the Data Navigator and instructions for entering relevant data. Additionally, it emphasizes the requirement to complete PAYE references when claiming R&D tax credits to avoid submission errors. The document also mentions completing the Repayments input statement under Tax Return Information.
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CCH Corporation Tax
Current Period memorandum
This document explains the visual representation of a company's Profit Corporation Tax Computation Tax (PCTCT) impacted by claiming losses and reliefs. It features a Current Period Memorandum showing total profits before current year reliefs, which can be hidden or shown. Additionally, it contains links for further guidance on claiming relief for losses, surrendering losses as group relief, and tax credits. The content is read-only, and users can navigate to summaries detailing the corporation tax liability calculations.
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CCH Corporation Tax
Claiming Relief for Losses / Loss Utilisation
This document provides guidance on managing tax losses within the "Tax Planning" section of the Data Navigator. It covers loss utilization, including entering different types of losses, the process for splitting losses brought forward before and after March 17, and calculating amounts carried forward or utilized. It also addresses losses from partnerships, instructing on how to offset these against total profits. Additional features include options to display maximum available losses, handle claims for tax credits, and manage group relief surrenders. Overall, it serves as a detailed reference for effectively managing tax losses in corporate accounting.
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CCH Corporation Tax
Surrendering losses as Group Relief
This document provides instructions on how to enter capital disposals for tax computations in two scenarios: for the transferor company with losses and the transferee company with gains. The transferor should record losses under "Other loss adjustments" to zero out the loss, while the transferee should use "Other gain adjustments" to apply the transferred losses against its gains. Additionally, it notes that users can add notes to the computation if needed.
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CCH Corporation Tax
Surrendering Capital Losses between Group companies
This document provides instructions for entering Capital Disposals within tax computation software. It details how to claim reliefs for both the transferor and transferee companies. For the transferor, adjustments are made to reduce the loss, while the transferee uses the transferred loss to relieve gains. Additionally, it mentions the option to add notes to the computation if needed.
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