FAQ's - Non-Trading Loan Relationships

For client specific changes select Edit | Business Tax Accounts

Select the Interest receivable gross category. Highlight the account to which the Revenue's interest is posted and select Delete to remove the account.

This removes the account from the Non-Trading Loan Relationship total but also has the effect of leaving the interest in the Trade computation. You will need to make a disallowed income posting to correct the Trade computation.

For a global change select Setup | Business Tax Accounts and click OK to the chart. Remove the account code from Interest receivable gross.

Interest payable on overdue corporation tax for CTAPs ending after 30 June 1999 is deductible for corporation tax purposes as a non-trading loan relationship debit.)