Pro-Forma Ltd

Corporation tax computation based on the accounting

period of ... months ended ... 201–. [4]
£ £
Trading and professional profits x
(x
Less: Trading losses brought forward under CTA 2010, s. 45(4) x
)
Share of partnership profits x
UK land and property business income (net of allowable
x
expenses)
LR profits [1] x
(x
Less: Non-trading deficit carried back from later CTAP x
)
Other UK interest income x
Dividends received from overseas companies (if not exempt) x
Other income x
Chargeable gains (less allowable losses) x
x
Less: Non-trading deficit brought forward (against non- (x
trading profits) )
x
(x
Less: Current year non-trading deficit [2]
)
x
Less: Current year trading loss offset under CTA 2010, s. 37(3)(a) (x
)
x
Less:
(x (x
Qualifying charitable donations
) )
x
(x
Less: Group relief
)
x
(x
Less: Trading losses carried back from later CTAP under CTA 2010, s. 37(3)(b) [3]
)
Taxable Total Profits x

(1)All interest income (together with other non-trading LR credits and non-trading forex gains) are taxed as a
credit after deducting any non-trading loan interest and other non-trading LR debits and non-trading forex los
(2)The non-trading deficit (which includes non-trading loan interest payable, non-trading loan write-offs or waive
non-trading forex losses), is calculated after deducting any LR interest and other LR credits (as in note 1 above)
notcarried
(3)If losses are possible to have
back underinCTA
the same
2010,computation both are
s. 37(3)(b), they LR set
profits and a non-trading deficit.
off before
donations. Qualifying charitable donations are therefore the last item to be deducted and may therefore beco
unrelieved.
(4)Certain companies may now submit computations using ‘rounded’ figures corresponding to those adopted i
statutory accounts (see 50-140).
and non-trading forex gains) are taxed as a LR
trading LR debits and non-trading forex losses.
ayable, non-trading loan write-offs or waivers and
t and other LR credits (as in note 1 above), i.e. it is
R profits
e set and a non-tradingqualifying
off before deducting deficit. charitable
em to be deducted and may therefore become

d’ figures corresponding to those adopted in their

0-140).