Rolling forward

You are able to roll forward many of the details contained in an existing Corporation Tax file to the file for the next period. This reduces the completion time for the new file as well as well as reducing the possibility of clerical errors.

  1. From Sage Accounting Partner Edition, select Corporation Tax and then Create New Return.

    When you attempt to Create New Return, if an existing return is marked as complete, you will see the option to either create a New return with roll forward or a New return without roll forward. If you cannot see this option, then either the client has no returns marked as finished or a roll forward for the period immediately following that of the completed return has already been created.

    A Return is automatically marked as complete when it accepted by HMRC. You can manually mark a return as complete by selecting Finished from the In Progress drop-down box on the title and period bar in Sage Corporation Tax Online.

    To choose the roll forward option, highlight New return with roll forward.

    If you do not wish details to be rolled forward from the previous Corporation tax file, then select New return without roll forward.

  2. Click Next.

    CT period start is fixed as the date immediately following the period end date of the previous period.

    CT period end is calculated as 12 months after CT period start. You are able to amend this date, to accommodate either short or long periods of account.

    If the client has accounts prepared in Final Accounts Online which relate to all or part of this CT period, then you will have the option to select these accounts to populate the CT file.

  3. Click Create CT Return.

    A file for the new CT period will be created. This file will include:

    • All non-financial information, taken from the previous period’s file
    • Brought forward capital allowance and loss figures, taken from the carried forward figures calculated in the previous period’s file.
    • Information from the selected accounts file.

    Any adjustments to the accounts or to the previous CT file will not automatically adjust the rolled forward file. It is possible to delete the rolled forward file from View All Returns and then roll forward again, but all information entered in the original rolled forward file will be lost.