COM53130 - Claims / reliefs: other reliefs: S458 CTA 2010 (formerly S419(4) ICTA 1988) - CT600A supplementary pages

This subject is presented as follows:

CT600A entries
Processing the return 

CT600A entries

If a close company has made a loan to a participator in a return period and the loan is still outstanding at the end of the period, it is required to give details by completing the CT600A supplementary pages to the CT600 company tax return.

The CT600A will show

  • In Part 1
    • Loans made during the return period that are outstanding at the end of the period (box A2)
And
    • The gross S455 (formerly S419) tax on those loans (box A3)
  • In Part 2
    • Loans made during the return period that are repaid, released or written off after, but before 9 months and 1 day from, the end of the return period (box A6)
And
    • The S458 (formerly S419(4)) relief on those amounts (box A7)
  • In Part 3
    • Loans made during the return period that are repaid, released or written off more than 9 months after the end of the return period where the relief is due at the time the return is delivered (box A10)
And
    • The S458 relief on those amounts (box A11)
Note: Where a company claims relief under S458 because a loan has been wholly or partly repaid, released or written-off on or after the due date (Word 49KB) of the AP in which the loan was made, the relief is deferred under S458(5) until the normal due date for the AP in which the repayment, release or write-off takes place
The company should only make entries in boxes A10 and A11 if relief is due at the time the return is delivered

The company must enter the net S455 tax payable (box A3 less the total of boxes A7 and A11) at box A13 and copy that figure to box 79 on the core CT600 return.

If the company has made an entry in box A11, it must put an ’X’ in box 80 of the CT600.

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Processing the return

If the return is submitted through CT Online

The case will be listed on

  • EFRL (E-Filed Return List) tor review the supplementary page if box 80 is not completed

Or

  • RSAW (Record SA List) if the self assessment has not been automatically recorded because box 80 has been completed

If, exceptionally, the return is submitted on paper

The Clerical Caseworker uses Function CRTN (Capture Rest of Return) to capture the return figures, including any entries in boxes 79 and 80. For more information see section ‘Returns Handling’ (COM132000 onwards) in the ‘Returns / Notices’ business area.

If there is no entry in box 80

  • COTAX will permit the Clerical Caseworker to record the self assessment (Word 28KB) with Function CRTN, including, where there is one, the net S455 (formerly S419) charge from box 79

See Example 1 (Word 30KB), Example 2 (Word 48KB), and Example 3 (Word 86KB) 

If there is an ‘X’ in box 80

  • COTAX prevents the Clerical Caseworker recording the self assessment with Function CRTN

See Example 6 (Word 81KB) 

Note: COTAX treats the ‘X’ in box 80 as evidence that a figure in the return has been stated net after a ‘carry-back’. It puts the case on the Record Self Assessment Work List (RSAW) and gives that as the reason for inhibiting the clerical recording of the self assessment. The CT Co-ordinator then uses Function RAMA (Record / Amend Assessment) to deal with the S455 position.

For a list of forms relevant to this subject, see COM53011.

For a list of functions to use in particular situations, see COM53012.

For legislation applying to this subject, see COM53013.

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