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This article applies to:

  • Product: Digita Corporation Tax

CT600A errors 9466 and 9469: Loans to participators rounding problems in Corporation Tax

Scenario

You may get the following error message in Corporation Tax when filing a CT600A that includes details of a loan to a participator.
Error message
9466: If the loans to participator rate does not change in the accounting period of the return then Box A20 must equal Box A15 multiplied by the loans to participator rate for that period. Round down for fractions less than half a penny and round up for fractions of half a penny or greater.
9469: If the loans to participator rate does not change in the accounting period of the return then Box A45 must equal Box A40 multiplied by the loans to participator rate for that period. Round down for fractions less than half a penny and round up for fractions of half a penny or greater.

Cause

The likely cause of these errors is a loan amount that's an odd number, which can lead to Digita and HMRC validation errors.

Solution

important
If you've manually changed the CT600A form, instead of using the Loan to Participants schedule, you'll need to undo these changes first.
  1. Open the client in Corporation Tax.
  2. Select the
    Accounting Period
     in which you've entered the loan to a participator.
  3. Select
    Accounts
    , then
    Loan to Participators
    .
  4. In the
    Loan to Participators
     schedule, select the loan, then
    Edit
    .
  5. Change the
    Amount
     of the loan by 1 to make it an even number.
  6. Select
    OK
    .
  7. Go to the next
    Accounting Period
     in which you've entered the the repayment.
  8. Repeat steps 3 and 4.
  9. Change the
    Amount
     of the repayment to match the loan amount you've changed to an even number.
  10. Select
    OK
    .
  11. If there's more than one loan, repeat this process for each one.
    note
    You might want to increase the amount for one loan and reduce it for another.
  12. Select
    Validation errors
     to check if you’ve cleared the errors.