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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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