How to record PAYE online filing Incentive

Posted by bstock PM | on Fri, 29/07/2011 - 14:58  1297  2 comments | report

During 2010/11 I received a cheque for the previous year from HMRC of £75 as online filing incentive. Allocated it as per HMRC guidance to other operating income.

As this is a non taxable receipt I am bit stumped how to take advantage of this on the new CT computation in VT accounts.??

By the way the CT comp addition is a brilliant (and thoughtful) addition to the VT Accounts program by the way.        Many thanks to Philip and the VT team.

Comments

Customise the computation

vtsoftware | Fri, 29/07/2011 - 16:07 | Permalink

Add a row in the adjustments of profits section for Other income not taxable. To tag this new item, click on Set Tag (Comprehensive) button and then in the dialog on row 124 Other income not taxable.

We are new to CT, and will be adding other items based on customer feedback.

Philip Hodgson
VT Software

Brilliant!

bstock | Fri, 29/07/2011 - 17:03 | Permalink

Cheers Philip for your quick and full reply.

What a great piece of software

Many thanks again

--

Brian

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