Pioneer Summary
Overview
The purpose of this section is to calculate taxable pioneer income required for Return form C.
- Pioneer income
- This sheet summarises taxable pioneer income that is a part of profits chargeable to Corporation Tax. The sheet is mandatory, developed automatically together with Pioneer summary if pioneer exempt (100%, 85% or 70%) is selected.
- Pioneer losses
- This sheet summarises relevant pioneer losses information attributable to pioneer businesses recorded elsewhere in the calculation. The sheet is mandatory, developed automatically together with Pioneer summary if pioneer exempt (100%, 85% or 70%) is selected.
Completing the Sheets
Pioneer income
Amounts are summarised from the data in the relevant parts of the calculation.
note
Additional rows are inserted for each pioneer business in exempt and taxable income summary section within the calculation.
Pioneer losses
Amounts are summarised from the data in the relevant parts of the calculation and relevant losses figures. You can choose between the Pioneer period rules and Post – pioneer period rules layouts using the dropdown located at the top of sheet.
note
Additional rows are inserted for each pioneer business in the
Current year losses
section in the calculation.