Corporation tax showing as 20% instead of 19%

[mikejones]

How do I change the corporation tax rate from 20% to 19% in quickfile? This is for the period 2021 - 2022 and also the current year.

Thanks

[QFSteve]

Hello @mikejones

When you view the Reports > Tax Summary screen, click on the pencil to change the dates, you change the dates or enter the same dates and you can edit the rate here.

[cbstephensaca]

Just be aware that the tax calculated by the tax report will not necessarily be accurate. This is because it doesn’t take account of the fact that your taxable profit/loss is not the same as your accounting profit/loss. It cannot account for adjustments such as capital allowances, for instance.