- Original Poster
- #1
Hi,
I am trying to correct my deferred tax on my Corporation tax return with Micro accounts
I have moved 3k of Deferred tax to my profit and loss reserves to correct my accounts when I should have corrected last year but missed the correction
how do I show this in the submission to HMRC?
My options are:
1. show a negative tax in the profit and loss of 3k ,this will then flow through and correct the profit & loss account in the Shareholders funds - Statement of Financial Position
2. Move the value to other reserves in the Capital and reserves part of Statement of Financial Position.
How would you correct this?
Thanks
I am trying to correct my deferred tax on my Corporation tax return with Micro accounts
I have moved 3k of Deferred tax to my profit and loss reserves to correct my accounts when I should have corrected last year but missed the correction
how do I show this in the submission to HMRC?
My options are:
1. show a negative tax in the profit and loss of 3k ,this will then flow through and correct the profit & loss account in the Shareholders funds - Statement of Financial Position
2. Move the value to other reserves in the Capital and reserves part of Statement of Financial Position.
How would you correct this?
Thanks
