So the scenario is that I made a loss in 17 but a profit in 18 and no prelim tax paid as 17 was a form 12. Maybe giving simple figures for example
Loss in 17 = 1k before Capital allowances and 1.5 after
Profit in 18 is 8k before and 7.5k after
What do I put into form 11 for loss from previous year ? and how do I calculate what I need to pay the full 52% on and what should be 40% ?
Loss in 17 = 1k before Capital allowances and 1.5 after
Profit in 18 is 8k before and 7.5k after
What do I put into form 11 for loss from previous year ? and how do I calculate what I need to pay the full 52% on and what should be 40% ?