Summary
This guide explains how to populate boxes 471, 472, 473, 474 on the CT600 for Coronavirus support schemes in Sage Corporation Tax.
Description
This feature is available in Sage Corporation Tax v3.4 More details here
Resolution
- In Sage Corporation tax, Open the required client.
- Click Claims & Reliefs then click Coronavirus Support Schemes
- Against “Company has claimed support in this accounting period”, click Yes.
- Against “All support schemes amounts are included in the company account and apportioned between each relevant activity", click Yes.
TIP: All support schemes amount must be included in the company’s P&L accounts.
- Enter the appropriate values in the 'Amount received, entitlements and overpayments' section.
- Click Save
Simple, automated and all in one place
Manage your employees’ taxable benefits easily and accurately, with online submissions to HMRC. Deadline for P11D submission is July 6 2022.