Sage Accounting UKI

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Corporation Tax Refund

Posted By Natasha Hickling over 1 year ago

Hi all,

I do my own accounts, and have completed an accounting course but I am in no way an expert. I recently filed for Corporation tax for 01/03/22 - 28/02/23, but while doing so I noticed an error on the previous year's corporation tax filing, which has led to a refund from HMRC. I am wondering what is the correct way to account for this refund, as I'm pretty sure it should be part of last year's accounts. I use Sage One online accounting.

Thanks in advance

0 Dane 11 months ago

Hi Natasha,

Thanks for your post. Generally we advise speaking with an Accountant for this level of accounting advice. We do have some digital resources to support you with the processing side of things in the software.

You can read our Help Centre guide for corporation tax here >

This guide shows you how to create and manage corporation tax ledgers. Once you have these set up, you can use journals to record your payments and refunds.

I hope this helps,

Thanks,

Dane
Sage UKI
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Sage Accounting UKI

Corporation Tax Refund

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