Online Company Tax return (Statutory Account notes query)

[Greg@CapitalCity]

I have not come across this myself, but from some notes it looks to be known problem (back in 2010!). I would have thought they'd have fixed it by now! Do a Google search for AC327 should contain uk companies house - you'll see some old correspondence on the issue.

[css_jay99]

I am a bit confused with the taxation disclosure in the Statutory Account notes of the return......

The 1st question is do I need to select this taxation Tab in the Statutory Account notes of statutory accounts bearing in mind that the later tax computation gives a detailed breakdown?



If the answer to the question above is Yes then I am a bit confused with the boxes that need to be filled out in the taxation section of the statutory notes to accounts .... due to the
help notes mixing up advice between standard & marginal rate tax payers ...

considering that Ac108 contain my Corp tax figure for the Year at small companies rate ...

The confusing boxes are:-

box AC327 - Profit or (loss) on Ordinary activities before taxation Multiplied by the rates(s) of corp Tax applicable
box AC227 - Expenses not deductible for tax purposes
box AC229 - Accelerated capital allowances


The help notes implies that :-
AC327 should contain Corp Tax figure based on Main rate of Tax. instead of Small companies rate ?
AC227 to use "tax effect" of non deductible expenses while the box description implies the actual values .....
AC229 to use "tax effect" while the box description implies the actual values .....


It appears that these values should balance i.e. AC233 = Ac108 = (AC327 + AC227 + Ac229)

I really don’t see how this could possibly be true for small companies or am I missing something?

cheers

css_jay99