Group Module
Overview
This section is designed to analyse the information and functionality of the sheets and sections in the group module computation. The following sheets are present in every calculation:
- Profits summary
- This sheet summarises the profits in the individual entities for the accounting period. The sheet has a reference to CT600 box numbers in the right column.
- Losses summary
- This sheet summarises the losses in the individual entities for the accounting period.
- Computation summary
- This sheet summarises the individual entities calculations showing profits chargeable to corporation tax and the tax payable.
- Tax calculation summary
- This sheet summarises reliefs and deductions of tax recorded in the calculation and shows any corporation tax outstanding or overpaid in the individual entities.
- Capital allowances summary
- This sheet summarises capital allowances, balancing allowances and balancing charges in the individual entities for the accounting period.
- TWDV c/f summary
- This optional sheet summarises the tax written down value (TWDV) carried forward of the various capital allowance types and splits them by trade for individual entities.
The following optional sections can be developed within the group module to allow you to carry out specific tasks and have their own separate help sheets:
- Chargeable gains
- Corporate interest restriction
- Corporate interest restriction return
- Group relief
- Group tax payment surrenders
- Group tax payments
- Loss carry-back allocation statement
- Patent box
- RDEC
- REIT summary information
- Tax account – FRS102
- Tax account – IFRS
- Tax account disclosures – FRS102
- Tax account disclosures – IFRS
- Transfer pricing
Completing the Sheets
Each of the sheets is populated automatically from data in the individual entities.