Computation Reconciliation
Use this sheet to review the tax adjustments for the whole period of account.
Completing the Sheets
This sheet is fully automated. It reconciles all types of tax adjustments present in the calculation. The starting point is the profit or loss before tax, and the final figure is the same as
Profit chargeable to Corporation tax
on the Profit and gains computation
sheet. All values that relate to non-taxable income, disallowable expenses, and non-allowable management expenses are linked to this sheet from the relevant the Expense and income analysis
or Management expense analysis
sheets and from other parts of the computation.This sheet also has historical audit trail columns to the right, which allow you to capture current adjustments and compare them with live adjustments when any changes are made.
note
- There is a row insert section at the bottom of the sheet, which lets you manually enter adjustments that are not included in other parts on the calculation.
- Audit trail columns can be fixed using the check box. Sort functionality is also available to put audit trail columns in chronological order.