Corporation Tax Support

Enter Coronavirus payments and profits in Corporation Tax

Company Tax Return

If you received a CJRS grant or an Eat Out to Help Out payment, you will need to do both of the following:
  • include it as income when calculating your taxable profits in line with the relevant accounting standards
  • report it separately on your Company Tax Return using the CJRS and Eat Out to Help Out boxes
You should record all other taxable COVID-19 payments as income when you calculate your taxable profits.
Version 21.0 of Digita Corporation Tax introduced fields to be able to enter the Coronavirus payments that need to be reported separately.
The majority of these COVID-19 payments can be entered via
Accounts | Tax Paid/Payable
 by populating the following fields:
CJRS and JSS received
Enter the total amount received by the company. This populates box 471 on page 5 of the CT600.
CJRS and JSS entitlement
Enter the amount that the company was entitled to. This populates box 472. on page 5 of the CT600.
CJRS and JSS overpayment already assessed or voluntary disclosed
Enter any overpayment already reported to HMRC (paid or unpaid). This populates box 473 on page 5 of the CT600.
JRB and EOTHO overpayments
Only report overpayments of these that have not been repaid. This populates box 474 on page 5 of the CT600.
Coronavirus support schemes overpayment now due
This is an automatically calculated field, which populates box 526 on page 6 of the CT600.
Please note HMRC's guidance:
note
"This equals the sum of boxes 471 and 474 minus the sum of boxes 472 and 473. This is the total amount of coronavirus job retention scheme overpayment, job support scheme overpayment, job retention bonus overpayment and eat out to help out scheme overpayment that is currently outstanding. It forms part of your self-assessment and will be assessed to income tax. A separate assessment will be made by HMRC and you will be advised of the reference number and payment details in due course. This is not corporation tax or tax treated as corporation tax so you must not pay this liability with your main corporation tax liability."
Any overpayment reported will not show in the Payment Summary section of the Client Summary. In the Tax Computation, it will show as a separate row under the main liability, together with a note advising that HMRC will advise reference and payment details in due course.
Known Issues:
  • Box 647 on page 7 of the CT600 is for
    EOTHO scheme: Reimbursed discounts included as taxable income
    . While there isn't currently a data entry point for this field, you should take payments received into consideration when computing taxable profits.
  • This figure should already be included in the Turnover and Profit/(loss) per accounts fields within the Adjusted Profit schedule, but you will need to include the exact figure in Box 647.
  • Go to
    Forms
     then
    CT600
    .
  • Select
    Go to Page
     and enter page number 7.
  • Within box 647, you can right-click and select
    Enable Editing
     Select
    Yes
     to enter the figure you would like to see.
  • The edited figure will save automatically when you close the form.
  • You receive the error:
    9382 - if Box 471 is completed then Box 526 must be completed.
  • This error is due to a writeback issue on Box 526 on page 6 of the CT600. If you have entered
    CJRS and JSS received
    and the
    CJRS and JSS entitlement
     amount is the same, then box 526 will not be populated. In these instances, box 526 should be populated with 0.
  • This issue has been corrected in version 21.2, which has now been released.
  • Alternatively, you can correct this by going to
    Forms
     then
    CT600
    .
  • Right-click on the form and select
    Go To Page
     and enter page number 6.
  • Right-click in box 526 and select
    Enable Editing
    , clicking
    Yes
     to the message and enter 0. 
  • The figure will show in red when you view the form on screen, but will show in normal black font, when you print or submit the return. The edited figure will save automatically when you close the form.

This article applies to:

  • PRODUCT: Digita Corporation Tax