Edit template codes
Use this window to make changes to the codes in the currently selected template. You can change, create and delete the Codes and their associated Narrative and determine which Tax Return Group is associated with each code in the template.
The name of the template that you are editing is displayed in the title-bar of the window e.g. Edit Template Codes for IRIS 4 TB Import. You can change this by returning to the Template Editor and selecting a different template from the Name drop-down list.
The various codes in the template are each displayed in a separate row in the first column of the table. You can change any code by selecting the appropriate cell in the table and typing in the new code.
The descriptions that are associated with each code in the template are displayed in the second column of the table. You can change any narrative by selecting the appropriate cell in the table and typing in the new text.
Each of the codes has a designated Tax Return Group, which determines where the amounts for the different codes will be imported. In turn the Tax Return Groups determine where the figures appear on the Tax Return.
Example
The example code 248 (Photographs) has the Tax Return Group set as OEXP. This means that any amounts that have been entered against this code in the file that you are importing will be imported into the Other Expenses section in Partnership Tax. In turn figures that are entered in the Other Expenses section are transferred to Box 3.50 on the 1997/98 tax return, as shown in the table above.
You can change which Tax Return Group corresponds to each code and thus ultimately decide where the amounts from the file will be entered on the tax return. Use the drop-down lists to choose one group from the 30 different options for each code. Alternatively press the F2 key when a cell in the Tax Return Group column is selected to open the Select Tax Return Group window. You can choose -NONE- and therefore not associate a code with a Tax Group, but you should note that this produces an error when you try to import the file.
Some of the business expenses in the file that you are importing may not be allowable for tax purposes. These may be expenses which are not allowable at all for tax e.g. entertainment expenses, or the private proportion of expenses such as motoring costs. You can set the disallowable percentage for each code in the template in this column. The amounts that are entered against each code in the file that you are importing will be disallowed according to the percentage that you set here.
Add a new code to the template. A blank record appears in a new row at the bottom of the table. Enter a unique Code, a Narrative and associate it with a Tax Group.
Delete an existing code. Highlight the record in the table that you want to delete and click this button.
Save any changes that you have made to the template so far and close the Edit Template Codes window.
Save any changes that you have made to the template so far and leave the Edit Template Codes window open.
Close the Edit Templates Codes window and return to the Template Editor without saving any changes that you have made.
Open the help topic for this window. You can also press the F1 key to do this.