Leased cars - multiple trades

Last modified 14:59, 12 Apr 2016

Overview

If there are multiple trades present within the company, it is necessary to add the Rental amount back to the trading profits.

This ensures that only the correctly calculated Allowable amount is incorporated into the calculation of Management Expenses.

If there is more than one trade, the rental amount must be allocated between the trades and the non-trading activity.

If there is only one trade, different adjustments may be needed.

Multiple Trades - Primary trade present

The Total rentals value must be allocated amongst the Trades and non-trading activity.

The default is for the total adjustment to be allocated against the Primary Trade.

To over-ride this, enter the appropriate amounts against the relevant trades and non-trading activity.

The amount attributed to the Primary trade will automatically be revised for the amounts manually entered in the other fields.

Leased cars - ManEx multi trade_1.png

Multiple Trades - No Primary trade present

If no Primary trade is present, you must manually allocate the Total rentals amount to the various relevant trades and non-trading activity.

Leased cars - ManEx multiple trade No Primary_1.png

If the manually allocated amounts do not equal the Total rentals, a validation message will be displayed by the cell and in the Errors and Exceptions panel.

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CCH Corporation Tax

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