Ftax Annual Investment Allowance Double Count

Ftax Annual Investment Allowance Double Count

Didn't find your answer?

Hi I'm having a dounble counting issue on Ftax when filling out the CT600 2014. I want to claim an Annual Investment Allowance of £1314. Using the HMRC convention this would mean entering £1314 in BOX 172 Annual Investment Allowance, and in BOX 107 Machinery and Plant Main Pool (with £0 in Balancing Charges BOX 108). Unfortunately If I enter £1314 in Box 172 and then follow the Capital Allowances Worksheet to get the same number in Box 107, ftax pushes both numbers to the Profit Worksheet and I get £2628 Capital Allowances.

Any Suggestions?

All response most appreciated!

Replies (4)

Please login or register to join the discussion.

avatar
By mikeyban
12th Jan 2015 21:20

I use FTAX and just enter once in AiA box.

Thanks (1)
avatar
By richardjd
12th Jan 2015 22:41

Many thanks mikeyban. Does this go alright with the submission to HMRC?

Regards, Richard

Thanks (0)
avatar
By mikeyban
12th Jan 2015 23:07

Yes all absolutely fine

Thanks (1)
avatar
By mikeyban
13th Jan 2015 07:58

Vt ... Great product

Thanks (1)