ct600 submission

[tech73]

I hadn't entered the start and end dates, I have now entered them and the values from the previous year are now displaying.

Thanks for your help.

Originally Posted by antonycc

Hello,

Have you populated the start and end dates in cells H68 and H72?

We do really need to add more (some) detail to the user guide for this file.

Thanks,

Antony.

[petero]

online with my pdf ct600 submisson and saw this in the introduction:
Not suitable if you wish to:
Or if you need to report:
• capital instruments
• cash flow statements
• contingent assets
• current asset investments
• defined benefit pension scheme
• exceptional items
• financial instruments
• fixed asset investments
• foreign income and currency transactions
• group accounts (whether you prepare group accounts or are a member of a group)
• other reserves
• prior year adjustments
• profit or loss on disposal of fixed assets of a material nature
• share based payments
• share premium
• turnover over £6.5 million
___________
The £6.5 m is safely not relevant however the P/L and prior year adjustments I am creating with your package are there for reference during an inspection and a necessary part of the process to calculate tax liable but do not have to be reported. Have I got this correct?

My business is a B&B which I have entered as a professional services company and not a property management company. These are disallowed from using online filing. I hope the distinction is valid.

[antonycc]

Hello,

Broadly this is also the list of things that DIY Accounting doesn't do so I'd be surprised if you had found places to enter transactions outside this list.

We have a mechanism for carrying forward losses (on Open Accounts) but nothing to make P&L adjustments as such.

Professional Services is more consultancy type work and may attract some scrutiny under the IR35 rules which attempts to target companies that are deemed vehicles for tax reduction. I would have thought something like leisure and hospitality would be more appropriate for a B&B. What are the choices?

Thanks,

Antony.

[petero]

Stuck on the revaluation reserve page of the ct600 online pdf.

CT600 boxes AC188,189,190 are showing X Error flags. All these values are 0.00 including AC76 (revaluation reserve) see messages below. I think they do tally so why the error?

X ERROR:The at start date total for revaluation reserves must tally with the revaluation
reserve value in the balance sheet. Please check and amend your entries.
At 01 Oct 2009: AC188 £ 0.0
X ERROR:Surplus or deficit arising from revaluation must tally with the revaluation
surplus value in the gains and losses. Please check and amend your entries.
Surplus or deficit arising from revaluation: AC189 £ 0.0
X ERROR:The at end date total for revaluation reserves

[antonycc]

Sorry this took a while... The "Revaluation Reserve" isn't one of the areas that is populated with information from DIY Accounting. It should only be showing in HMRC's PDF if the check box on the "Statutory Accounts Notes" has been checked.

Check the "Statutory Accounts Notes" section in DIY Accounting's online filing look-a-like (between rows 343 and 430). The boxes to check are presented there for you, some are checked in all cases, some are only checked if there is relevant detail, some are never checked.

Thanks,

Antony.

[StevieB]

In the notes section on the companies house Abbreviated Accounts there is the following question with radio buttons:

Accounting policies
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective June 2002

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2005

What is the correct answer for accounts prepared with diyaccounting?

[antonycc]

Hello,

Take a look at the post from 08-07-2011, 01:27 PM on this thread: http://forums.teneric.co.uk/diy-acco...ion-21306.html

I'll merge these to threads so you should be redirected to the one with the solution in.

Thanks,

Antony.

[kashyap]

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