Hello, How do we record Corporation Tax Payments & Advanced Corporation Tax Payments.?.. Thanks
You should really ask your accountant about that, as it depends what liability account he was using to record the pending CT payment. It depends on how he normally records your CT liability in the yearly accounts.
You can add the corporation tax payment using the “Add One Off Payment” link under the taxes menu. This is essentially a glorified manual journal entry, so if you’re more familiar with journal entries, you can add one for the corporation tax either.