The company has no called up share capital to declare because it is a company limited by guarentee. However it says you must enter a value of 1 or greater in the called up share capital section? How do i get past this problem?
Many thanks in advance for your help.
Replies (2)
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It's apparently a well known problem with HMRC's software, which I understand (because I have never used it) no accountant worth his or her salt would ever use.
Best advice is not to use it.
Work around
Enter the share capital as 1 and reduce the P+L balance by 1.
Attach a PDF explaining to HMRC if you like but they're not too bothered either way.
Don't do this at CoHo, though. Just for CT600.