Restitution interest
This section is designed to analyse the tax relevant information related to Restitution interest. The relevant sheets are as follows:
- Restitution interest
- This is an optional sheet required for the CT600K. This lets you fill in amounts of Restitution interest received and allocate it to the respective businesses.
- CT600K return
- CT600K is supplementary page for Restitution tax. The sheet summarises the amount of tax already withheld on the receipt of interest and the amount of restitution tax payable.
Completing the Sheets
Restitution interest
Where you have identified amounts you want to be treated as restitution interest within the Income statement, you should analyse these from the Expense and income analysis or Management expense analysis sheet in which they arose. Select
Restitution interest
from the Analysed as
dropdown list on the row, and develop the Restitution interest sheet by selecting Insert sheet from the Insert
menu. An error will show on the sheet until this has been developed.In the Restitution interest sheet, add rows for each amount of restitution interest received, together with dates of receipt so that the interest can be allocated to the correct financial year. Information will be linked to the CT600K return form and the Profits and gains computation sheet.
CT600K return
This is a review sheet on which you cannot perform any analysis and will be populated automatically from the Restitution interest sheet.