Click Edit in the Adjustments to trade profit tab, a new window will open which will need to be completed. Use this grid to enter details of any general bad debt provision that is disallowed for tax purposes and must be added back. Specific bad debts are generally allowable.
- Description – enter a description of the provision being disallowed.
- Per accounts – enter the amount listed per the accounts.
- Disallowed – enter the amount to be disallowed. This will default to the full amount in the accounts, but can be changed if required.
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.