| Overview |
CT600A is the supplementary schedule used to report loans made by close companies to participators (typically directors or shareholders) under section 455 ICTA 2010. This article explains how to access and complete CT600A in BTCSoftware.
| ⚠ Important: This article provides general guidance on completing CT600A in BTCSoftware. If you are unsure whether a particular loan or arrangement needs to be reported on CT600A, or how it should be treated, contact HMRC for advice. |
| Accessing CT600A |
- Open the CT return in BTCSoftware.
- From the bottom-left menu, expand the Supplementary Schedules section.
- Tick the box for CT600A to add it to the return.
- CT600A will now appear in the navigation and can be opened from there.
| CT600A i — Company Information |
CT600A page i contains company information pulled automatically from the CT return — company name, tax reference, and the accounting period start and end dates. Review these for accuracy.
| CT600A ii — Loans and Repayments |
Box A5
If any loans made during the period — or at any time — have been repaid, released, or written off during the period, enter an X in Box A5. This also applies where arrangements have had return payments made before the end of the period.
Part 1 — Loans Made During the Return Period
Complete Part 1 for any outstanding loans made to a participator during the accounting period:
- Enter the details of each outstanding loan including amount and date.
- In column J, enter the date the loan was made, or Y if appropriate. This ensures the correct section 455 tax rate is applied based on when the loan was made.
Part 2 — Relief for Repayments Within 9 Months
Complete Part 2 to claim relief where amounts have been repaid, released, or written off:
- During the accounting period, or
- After the end of the period but before nine months and one day after the end of the accounting period in which the loan was made.
| CT600A iii — Part 3 |
Part 3 applies to a minority of cases. Complete it only if ALL of the following conditions apply:
- The loan was made, or benefit conferred under arrangements, during the return period.
- The repayment, release, write-off, or return payment occurred more than nine months after the end of the period in which the loan was made.
- The return is submitted after the date on which relief is due.
| ✔ Tip: Most companies will not need to complete Part 3. If in doubt about whether Part 3 applies, contact HMRC for confirmation. |
| Frequently Asked Questions |
Q: What is the section 455 tax rate?
A: The section 455 tax rate is 33.75% for loans made on or after 6 April 2022 (matching the higher rate dividend tax). For loans made before this date a lower rate may apply. BTCSoftware applies the correct rate based on the date entered in column J.
Q: The director has repaid the loan after the year end but within 9 months — where does this go?
A: Repayments made after the period end but within 9 months and 1 day of the period end are entered in Part 2 to claim relief. The section 455 tax would still be shown as due on the return but relief is claimed in Part 2.