Loss carried into the Next CP

Article ID

kas-0013

Article Name

Created Date

5th January 2021

Problem

Loss carried into the Next CP

Resolution

To transfer the loss from chargeable period 1 to chargeable period 2 you will need to do the following:

Go into the chargeable period 1 and go into the Trading and Professional Profit RDE and click Finish.

Still in chargeable period 1 go into the Losses, deficits, and excess amount RDE and click Next CP and Finish.

Then go into the chargeable period 2 and go into Trading & Professional profits RDE and click Finish.

Still in chargeable period 2 go into the Losses, deficits, and excess amount RDE, this will then show the correct loss from the previous chargeable period

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