Corporation Tax, Online Submission Hi, I am doing my company accounts online (HM Revenue online submissions form) and am having a problem with the Statutory Notes on Taxation. I know I do not need to pay any tax as I made a small loss both this year and last. I need help however filing in the notes form as I do not know what the boxes are asking for and how tax losses create an allowance to the following year. (Note: I did not fill in this form last year when I perhaps should have done, this year the form asks for figures from last year as well as last.) My request is that you tell me what figures I should fill in the boxes and a layman's description of what the figure actually is. Please note that the company has only been running for 2 years and I have filled in the Profit or (loss) on ordinary activities before taxation. I will be online all day and therefore can provide any other information you need. Form Boxes (note the AC numbers are the box codes from the form): UK Corporation Tax: AC108 £______AC109 £_____ Deferred Tax: AC110 £______ AC111 £_____ Tax on profit or (loss) on ordinary activities: AC112 £_____ AC113 £_____ Profit or (loss) on ordinary activities before taxation:AC325 £_294____ AC326 £_447____ Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of corporation Tax applicable: AC327 £_____ AC328 £_____ Please enter any factors affecting the tax charge in the fields below. Expense not deductable for tax purposes: AC227 £______ AC228 £______ Accelerated capital allowances: AC229 £_______ AC230 £______ Any other adjustments: AC231 £______ AC232 £______ Current tax charge or (credit): AC233 £______ AC234 £______ Please enter any additional information, such as the standard rate of tax for the current period and the previous period in the field below.: ____________________________