First, navigate to the ‘Banking’ tab at the top of the screen and select ‘Bank Accounts’ from the drop-down menu.
Choose the relevant bank account from the list.
Select the transaction that relates to the Corporation Tax refund.
2. Choose ‘Refund’ as the transaction ‘Type’
Select ‘Refund’ from the ‘Type’ drop-down menu.
3. Choose ‘Corporation Tax’ as the transaction ‘Category’
Scroll down and select ‘Corporation Tax’ from the very bottom of the ‘Category’ drop-down menu.
4. Explain the transaction
Select ‘Explain Transaction’ to complete the process.
What happens next?
The transaction will appear on your Corporation Tax ‘Statement of Account’, which can be accessed by navigating to the ‘Taxes’ tab at the top of the screen and selecting ‘Corporation Tax’ from the drop-down menu.
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