Business Tax- CT600L and why box 530 R&D tax credit etc not filled in?

business-tax-why-box-530-rd-credit-etc-is-not-filled-in

Business Tax- CT600L and why box 530 R&D tax credit etc not filled in?

10th September 2021

IRIS Business Tax - Why is box 530 for R&D credit etc not filled in? CT600L page missing

With the launch of the new HMRC form CT600L in 2021, the way that we calculate box 530 has now changed. The HMRC have advised that they have updated their guidance to reflect this. Please click on the link below for more guidance: –

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/968861/CT600_Version_3_guide_21_final_April.pdf

Under the new guidance we are correctly not populating box 530 as the value in 530 must be equal to the value L210 from the CT600L supplement. The credit will now show on the CT600L form.

If box 530 is being populated BUT you have no entries in SME and RDEC – Go to Data entry-summary-click NO for loan to participators on the right side. Then go to Data entry-overpayment and repayment claims and repayment claims tab and untick box 905. Re-generate the return and 530 will be empty.

CT600L page will not appear: If the company is not loss making and you enter the R&D Expenditure value for SME, then it will not create the CT600L pages. You can test this be either increasing the value or changing it from profit to a loss making company and then see the CT600L page appear.

You can force the CT600L page through by this: Data entry – summary – tick the yes to R&D pages.

If you don’t want the CT600L page to show – tick NO.