Form11 Query

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EdMurphy

Guest
I am filling in the ROS offline Form 11 and using the Form11 notes to assist. I am a bit confused about the Adjusted Profits.

(ROS Form) Amount of Adjusted Net Profit: I am entering my adjusted profit in here (After Addbacks)

(ROS Form) Extracts from Adjusted Profit, Net Profit Per Accounts:
(Form11 Notes Line 148) Net Profits per Accounts

I was entering the same figure here but when it gets to the Adjustments i wonder if one of the Net Profit figures should be the Profit Figure before the Addbacks as the notes refer to 'Profit per Accounts?

Should it be Profit per accounts + Addbacks = Adjusted Profit?

Also, there seems to be limited sections to enter Addbacks on the Form11. I can enter the Motor Expences personal use etc. but i have lots more items added back in my adjusted accounts than i have room for in the Form11. For example if 'Rent' was paid in full as an expense and only 50% was an allowable expense for whatever reason, I would add 50% back but how can i enter this on the Form11?

I would be greatful for any assistance.
 
The profit per accounts is just that, the amount before any non-allowable addbacks. THe adjusted profit is the amount after addbacks, i.e. the amount to be assessed to tax ( before any Capital Allowances deductions ).

There is insufficient space for all likely addbacks, Revenue are only interested in naming the main ones which most people are likely to have, such as motor and light/heat/phone. They will see from the adjusted profit that it exceeds the profit per accounts and it will be obvious that there were other addbacks. You could, if you wanted for clarity, make a note of the additional addbacks in the note field where you can give additional information but it is not necessary.
 
Thank you Graham, that what i needed to know