Hi I just created a tax summary today for a couple of different recent periods and it’s showing the tax rate at 18%. I did the report a few months back for my most recent accounting period and it was showing the correct rate of 19%.
As far as i’m aware the government left the rate unchanged for next year and certainly hadn’t changed and backdated it.
Help
Paul
Just create a journal for both corporation tax nominals and add the correct amount of corporation tax. The tax summary is wrong so you shouldn’t rely on it. The 18% it shows was going to be the new rate but government decided to keep it at 19%
Hi Paul,
Yes i assumed there were other ways to do it. Just wanted to flag it up to the developers as i’m assuming it’s an easy fix, just changing one variable value.
Thanks