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Subvention payments |
See Also
Deferred tax introduction | Tax account
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This sheet can be used to track payments or receipts in respect of group relief or other payments such as debt cap etc.
It is possible to enter these payments directly onto the Tax account sheet, however this sheet allows you to analyse payments and receipts between different accounting periods.
This schedule is developed from the Tax Account schedule.
Brought forward/carried forward per accounts
For each column the data entry cells should be completed in respect of each relevant accounting period (where relevant).
Payments/(receipts)
The data entry cells should be completed as appropriate.
Current year P/L charge/(credit)
This should agree with the values entered on the Tax Account schedule in respect of amounts paid or received for Group Relief or other payments.
If the file is linked to the Group module, the the group module will automatically complete the P&L charge for group relief (or other payments) on the Tax Account . If you are using this supporting sheet, you should then ensure that this reconciles to the Tax Account.
The ACT rows are hidden by default. If you need to see these, you should change the selector Hide all ACT rows on the Tax account options and rates sheet to No.
Note : To ensure that the layout of this schedule is clear, display formulae are employed to suppress many of the 'zero' amounts.
This schedule has no standard supporting schedules.
| Error | How to solve |
| Check £ with £ error | Amounts in respect of group relief or ACT payments/receipts have not been made on either this schedule or the Tax Account (F schedule). Ensure that both schedules have been completed correctly. |
© 2009 Thomson Reuters.