In a long CTAP the losses brought forward into CTAP2 are showing as negative

Article ID
ias-12962
Article Name
In a long CTAP the losses brought forward into CTAP2 are showing as negative
Created Date
13th June 2019
Product
IRIS Business Tax
Problem
Trading Losses Brought Forward Cannot Be Negative
Resolution
In order to remove the negative value which is appearing in the losses screen, please do the following: – 1. In Business Tax – select the client and go to Edit | Losses 2. Put a tick in the box “Less utilised against total profits in the first Corporation Tax Accounting Period: (there is no need to change the values within) 3. Click on Edit for the second CTAP: 4. Click on F8, then Update Totals and come back to the main losses screen and select Apply | OK and exit the screen 5. Run an Edit | Bring Forward again 6. Go to Edit | Losses | Edit under the lastest Corporation Tax Accounting Period: Enter in the amount needed to utilise.