CT600E for a charity

CT600E for a charity

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Hello everyone.

I'm completing a CT600E for the first time for a charity that has been asked randomly to complete a CT600. I believe all income is exempt but I'm struggling to find guidance on how to complete the return. Say for example the charity as grants & donations income of £90k, investment income of £5k and another £5k of income from trading (selling clothing), and all £100k has been spent on charitable activities, I assume I'm putting all zeros on the CT600, £5k in each of boxes E50 and E55 on the CT600E. It's the expenditure boxes E95-E120 that are confusing me. Box E95 I assume should be the expenditure directly related to the £5k trading turnover, but in the rest of the boxes am I supposed to enter all the rest of the charity's £100k of expenditure, meaning reporting a net deficit of £90k or just that which relates directly to the figures I've entered in the income section? Many thanks.

Replies (5)

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By Miller83
20th Nov 2018 15:21

If you were looking for guidance, did you check this;

https://assets.publishing.service.gov.uk/government/uploads/system/uploa...

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Replying to Miller83:
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By whatdoyoumeanwashe
22nd Nov 2018 09:37

I did check the CT600 guide, yes. Unfortunately it doesn't answer my question though.

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By cc2011
10th Feb 2019 22:46

I now find myself in the same position as the OP. What was the answer to your question? Does all the expenditure go on the CT600E?

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Replying to cc2011:
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By whatdoyoumeanwashe
12th Feb 2019 09:22

I went for all expenditure on boxes E105-120. I can't quite recall what made me decide once and for all, perhaps simply the words "All expenditure" on those boxes, and the fact that the return does not actually attempt to subtract the expenditure from the income (which is what bothered me most as it would be subtracting apples from oranges). My return hasn't been queried by HMRC (yet, anyway), and ultimately it doesn't change the CT charge...

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By DCBC
27th Mar 2023 17:51

I also find myself in a similar position and my confusion is around the CT600, the CASC has been profitable but all income is exempt under CASC rules. By entering turnover and trading profit in boxes 145 and 155 it leads to calculation of the tax due as there is nowhere to enter exempt profit. Should we make the tax calculation and assume the CT600E will override it or as the previous poster said put zeros in all boxes
Many thanls

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