GROUP RELIEF/PAY & FILE
GROUP TAX PLANNING FOR MULTINATIONAL COMPANIES
G Relief Plan is designed to deal with group relief claims and surrenders under the Pay & File regime. It is a stand alone application which requires minimal Tax and Computer knowledge.
G Relief Plan automatically allocates and reallocates group relief in the order of priority so that profits of the claimant companies are reduced as far as possible to nil/ or to any other predetermined amount.
The user only needs to enter the input data such as profits and losses available for group relief, accounting periods of claimant and surrendering companies, profits to be left in charge and/or losses to be retained – if any, the order of claim/surrender, tax references etc. The figures are validated on screen to reduce simple errors. See Data Input.
G Relief Plan, dealing with non-coterminous period, produces the report in a matrix form showing surrendering companies along the top, claimant companies down the left hand side, and the amounts showing the position at a glance. See Output Report.