Use this grid to enter details of annuities, annual payments & discounts received that are not otherwise charged to Corporation Tax. Any such receipts must be excluded from trading profits and included as separate income under the provisions of S976 to S978 CTA 2009.
- ‘Description’ Enter a description of the payment.
- ‘Per accounts’ Enter the income already included in the accounts. This figure will be deducted from the trading profits chargeable to tax.
- ‘Taxable‘ Enter the income taxable under Chapter 7 of Part 10 of CTA 2009. This entry will default to the full amount included in the accounts but can be changed.
To delete a line from the grid, click the ‘trash can’ button at the end of the line.
Click ‘Save‘ changes to update the figures to the adjustments to trade profit tab.