I’ve been reading through tonnes of the responses on here and still can’t quite get my head round this.
So from what I gather I need to enter the corporation tax liability as a debit to 8500 and a credit to 2320.
Is this ok to do by modifying the year end journal that’s made by the easy year end tool, which ensures it’s listed under the relevant tax year?
Then when I pay my tax I just tag the payment as corporation tax and it removes the debt from my Balance sheet?
I saw in previous posts that Corporation tax was being listed on balance sheets, when I do it myself this no longer seems to be the case is that something that’s changed.
Attached below is all the relevant reports if people could clarify that this is correct i’d be extremely gratified!