CT1 Filling using ROS Offline software

Evgen, I am also using the ROS offline application and I've tried to find this CT demo but it's eluding me also.There is help available from the normal help menu for each section of the form which is pretty straightforward but I can't find the "step by step" one with hyperlinked text. Maybe a quick call to the ROS helpdesk might locate it. They have a number 1890-201106 or email roshelp@revenue.ie

There was a demo at one stage on the site. They much have pulled it!

Why do you need a demo? I thought the form is pretty intuitive, assuming of course that the user is already familiar with corporation tax and associated issues, for example the definition of a "close company". If the user does not have a reasonable knowledge of corporation tax, they might be better off getting someone else to complete the form.

Evgen, what two fields are you having problems with? I have some experience of the offline CT1 and may be able to help.

Thanks a lot, Graham07. The questions are here:

• Balance of Directors’ current and loan accounts – is this a company’s balance (extracts from Balance Sheet)?
• Cash on hand/Bank – Debit – should I include here both petty cash and cash in a bank?
• (Sorry, I fund one more item) Shareholder’s Funds – is this a company’s assets?

Should I fill out all fields (even where I did not operated for example “Rental income”) entering “0” or should I leave it blank?

I think if you are have problems answering these questions then you should not be completing the corporation tax return. Just my opinion

Evgen said:

Thanks a lot, Graham07. The questions are here:

• Balance of Directors’ current and loan accounts – is this a company’s balance (extracts from Balance Sheet)?
• Cash on hand/Bank – Debit – should I include here both petty cash and cash in a bank?
• (Sorry, I fund one more item) Shareholder’s Funds – is this a company’s assets?

Should I fill out all fields (even where I did not operated for example “Rental income”) entering “0” or should I leave it blank?

Click to expand...

Evgen,
Directors Loan accounts - Balances from the Company's viewpoint i.e. as per the Company's Balance Sheet. remember it is the Company's Tax Return being completed not the Directors.
Cash on hand - debit - means all cash assets of the Company as per the Company's Balance Sheet.
Shareholders Funds - will be shown on Balance Sheet of the Company under same title. Is not Company funds but represents the accumulated value of the shareholders interests.
I must agree with last poster however, the CT1 would, in my experience, normally be completed by the company's accountant / tax advisor as part of their work on preparing the accounts and related returns for the year and any doubt as to the completion of the CT1 should be referred to them. Remember the CT1 is a Revenue Tax Return and incorrect completion can have serious consequences on Revenue Audit. There are too many areas where one can "slip up" and innocent error is no excuse when it comes to Revenue. If you have any doubt I would defer to a professional accountant / tax advisor.

Sorry forgot to mention the last question, any fields marked with a tick are mandatory. Any fields with no entry required may be left blank.