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NEED TO OVERWRITE CORPORATION TAX REBATE IN PROFIT AND LOSS ACCOUNT
Customer Services, Tiny Tax
I need to make a slight correction to the CT600 I have just submitted for a client. I need to be able to put in a very small Corporation Tax rebate, but cannot type this in. This was not an amount due or repayable so it should not appear on the Balance Sheet, but I need to include this in the Profit and Loss account. I tried doing this the other day, but could not because the Corporation Tax box in the P & L section kept locking. That problem has been fixed but I still cannot type in the actual amount of the small rebate- which leaves by P & L account in error by £7.
Your assistance in enabling me to make this correction would be much appreciated.
Kind regards
Ian Pennell
I need to make a slight correction to the CT600 I have just submitted for a client. I need to be able to put in a very small Corporation Tax rebate, but cannot type this in. This was not an amount due or repayable so it should not appear on the Balance Sheet, but I need to include this in the Profit and Loss account. I tried doing this the other day, but could not because the Corporation Tax box in the P & L section kept locking. That problem has been fixed but I still cannot type in the actual amount of the small rebate- which leaves by P & L account in error by £7.
Your assistance in enabling me to make this correction would be much appreciated.
Kind regards
Ian Pennell
3 Comments
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What was happening: When you entered a value in the Corporation Tax field, it was being immediately overwritten by the automatic tax calculation. Your input was being lost.
The fix: We've updated the system to respect your manually entered values. When you type a Corporation Tax amount, it will now be preserved and shown with an orange hint displaying the auto-calculated value for reference.
To enter your £7 Corporation Tax rebate:
1. Do a hard refresh of the page (Ctrl+Shift+R on Windows, or Cmd+Shift+R on Mac)
2. Navigate to the P&L section
3. Enter -7 in the Corporation Tax field (negative for a rebate)
4. Your value should now stay in place, with the calculated amount shown as a hint below
Hello, and thankyou for you help with using Tiny Tax to do my CT600 for my Client.
With regards to correcting my client's CT600 I still cannot get it to keep the changed Corporation Tax entry at -£7 (for my rebate- for YE 30th June 2025). It is highlighted orange when I enter the -£7, doesn't adjust the updated Profit and Loss account despite my following your instructions with the hard refresh then going to the P & L section. The rebate is not money that is still owed by HMRC, this has already been received so it has to be recorded so that my P & L, not additionally as Corporation Tax payable back from HMRC in the Balance Sheet. I need, if possible to be able to type my rebate in, for it to correctly adjust the Profit and Loss figure and not be highlighted orange (which means it is not saving).
The other change I need to save is for the Balance Sheet for YE 30th June 2024- i.e., the previous year. The Total Current Assets needs to be £4834 resulting in a Total Net Assets and overall Shareholders Funds (which must balance) reading £3,362. Unfortunately, your software requires that I attach the iXBRL file for my client for the YE 30th June 2024 that has the Balance Sheet error. Is there no way of correcting the iXBRL to remove this, or of getting your software to accept and send this return without reference to the iXBRL which contains this error? I do not want to have to attach and send files that I know has an error to HMRC!
As always, your assistance in this matter is much apprecxiated.
Thanks again for excellent Customer Service
Ian Pennell
What was happening: When you entered a value in the Corporation Tax field and clicked Preview, the system was saving your value correctly, but it wasn't recalculating the Profit/Loss for the year figure. This was a timing bug where the form submitted before the recalculation completed.
The fix: We've updated the system to ensure all computed fields (including Profit/Loss for the year) are recalculated immediately before the form submits.
About the orange highlighting: The orange colour is intended behaviour — it shows you've overridden the auto-calculated value, with the system's calculated amount shown as a hint for reference. It doesn't mean "not saving" — your value IS being saved. The orange is simply visual feedback that you've entered a manual override.
To submit your corrected amendment:
1. Do a hard refresh (Ctrl+Shift+R on Windows, Cmd+Shift+R on Mac) to load the fix
2. Enter your Corporation Tax rebate as a negative value (e.g. -7 for a £7 rebate)
3. Click Preview — you should now see the Profit/Loss for the year update correctly
4. Complete your submission
Regarding the prior year Balance Sheet: Your corrected prior year values are already saved and will be included in your submission.
Let me know if you have any issues after trying these steps.