Is S419 C/tax on Loans to Directos (Participators), potentially recoverable, provided for in the financial statements?
Include it in debtors and creditors.
Are you suggesting that I DB Other Debtors and CR Other Creditors with the S419 Tax and avoid the Taxation accounts?
A reply will be appreciated.
Debit debtors repayable after more than one year.
With kind regards
Corporation tax recoverable and corporation tax payable