CAT / FIA FTX Syllabus E. Corporation Tax Liabilities - Corporation tax return - Notes ^{1 / 1}

A company must submit a corporation tax return (CT600) for each accounting period.

This includes details of income and expenses. It also includes a computation of the corporation tax due.

The tax return is usually due for submission within one year of the end of the accounting period to which it relates.

The main part of the form:

1. Turnover (Box 145)

2. Income (Boxes 155 to 205). 

   These contain details of trading income, brought forward trading losses, bank interest and property income.

3. Chargeable gains (Boxes 210 to 220). 

   These show chargeable gains and losses.

4. Profits before other deductions and reliefs (Total profits) (Boxes 225 to 235).

5. Deductions and reliefs (Boxes 240 to 320). 

   These include current period and carry back trading loss relief (Box 275) and qualifying charitable donations (Box 305).

6. Profits chargeable to corporation tax (Taxable total profits) (Box 315)

7. Tax calculation (Boxes 330 to 440). 

   These show the computation of corporation tax.

The corporation tax return:

CT600

In the FTX examination, you may be required to complete part of the corporation tax return (CT600).