This is where the deferred tax module is situated. The initial window shows the Tax Account as shown in the company's financial statements. It shows the overall tax position for the company, including the current and prior corporation tax liabilities and the deferred tax arising on timing differences. There is no recommended order of completion of the data entries.
Tax Account Summary
The information contained here is both manual and system calculated. The system calculated boxes are shown in grey and the boxes in white indicate that information can be entered.
The Current Corporation Tax charge is automatically calculated for the period based upon the information held within CCH Corporation Tax . enter a value in the Override box if an alternative amount should be used in calculating the tax account charge.
Tax Account Report
The deferred tax report does not form part of the corporation tax computation report and can be viewed and printed by the View Tax Account Report link at the bottom of the screen.