Filing Accounts and CT600 on HMRC website

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Hello,

I need help in completing the HMRC online Accounts and CT600s. I have entered my first period account details which is for 15months ending Dec2019. I now have 2 CT600s to complete which are (a) the first 12 months - Sep18 to Aug19 and another (b) for Sep19 to Dec19. This I understand. 

The first CT600 starts with the Turnover amount which is automatically completed with a pro-rata amout of 12/15th. Thereafter is asking for the amounts for Cost of Sales and the other expenses etc.  Do I complete all these using 12/15th ratio throughout and similarly the next CT600 using the 3/15th ratio?

I thought you only time apportion once the adjusted taxable profit is calculated for the 15 month period and not the entire P&L income/expenses which seems futile. Can someone please help if this is way HMRC requires it and what is the point or am i missing something? Thanks to all in advance.

Replies (6)

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RLI
By lionofludesch
23rd Nov 2020 14:54

You might struggle on here.

Agents can't use HMRC software for Corporation Tax so we're not particularly clued up on how it works.

Also Sept-Dec is 4 months. Add that to your first 12 and you get 16 months, not 15. You may wish to revisit this. Though you should be working in days rather than months.

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By Paul Crowley
23rd Nov 2020 15:23

Concur
Accountants use paid for software

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Replying to Paul Crowley:
the sea otter
By memyself-eye
23rd Nov 2020 15:35

.....which increases in price exponentially every year!

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Replying to memyself-eye:
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By Paul Crowley
23rd Nov 2020 17:39

Increases in % a flipping lot more than the increase in fees

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Replying to Paul Crowley:
the sea otter
By memyself-eye
23rd Nov 2020 17:58

Which is why I'm 'Outa here' next year!

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By sanjay100
23rd Nov 2020 18:07

Do whatever you like as this forum is for accountants.

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