Coorporation tax refund/losses carried back

I’m preparing a client’s company accounts, which will show a loss to be set off against the previous year’s CT liability.

It strikes me that the anticipated refund should be reflected in this year’s accounts, probably amongst sundry debtors on the balance sheet, and as “other income” on the P&L account,

Can readers bear this out, and/or make any alternative suggestions as to how the refund should be reflected in the accounts, if indeed it ought to be.  Many thanks. 

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Debtors on the balance sheet

alattax |

Not 'other income'

andy.partridge |
andy.partridge's picture

Problem solved

songb1rd |

Though there is still debate ...

BKD's picture

Good point, BKD

andy.partridge |
andy.partridge's picture