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In the marking scheme, what would happen if you started off with the Taxable trading Loss and then reduced instead of adding depreciation and other disallowed expenses.
Also, instead of reducing capital allowance, I added it.
Will I get marked down significantly for this.
If you started with a trading loss then you SHOULD reduce it by the disallowed depreciation charge and other disallowable expenses. Such adjustments would increase a profit so they will reduce a loss. The CA’s will then increase the loss.
If you did do the adjustments the wrong way around then so long as you still have a loss and demonstrate the reliefs available you will still score the vast majority of the marks – the markers seek to follow through your numbers to see if you have demonstrated the correct principles.
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