Loss carried into the Next CP
- Article ID
- kas-0013
- Article Name
- Loss carried into the Next CP
- Created Date
- 5th January 2021
- Product
- IRIS Keytime Corporation Tax, IRIS Keytime
- 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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