Changing interest from non-trade to trade on Corporation Tax

Interest paid automatically defaults to non-trade interest within the P & L Account Worksheet.

If you want to show the cost as trade interest.

1. Enter the amount in the trade field and delete the amount in the non-trade field.

2. Open the Tax adjustments, Non-trade income and expenses and select Bank/Other interest payable, NT loan rels.

3. Delete the entry for the bank interest paid by clicking on the button beside the description field.

4. The trade bank interest will now show as an expense adjustment.