Correction of errors IAS 8

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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March 21, 2019 at 7:09 pm #509994
mrjones
Participant
- Topics: 4
- Replies: 6
Hi, I was just wondering, say you correct a previous years’ error and it affects the profit and therefore the tax liability – do you then need to resubmit a CT600?

Many thanks.
March 21, 2019 at 10:02 pm #510009
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

You wouldn’t resubmit, you’d just make an adjustment through this year’s submission (I think).

Thanks
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