PTP TR - Pre filing validation 6836 regarding box 96 on the balance sheet

Article ID

kba-03788

Article Name

Created Date

13th May 2021

Product

Problem

When completing a set of full Self Employment pages including a balance sheet for a client receiving an amount of SEISS grant(s), pre filing validation 6836 may occur when preparing FBI files.

Resolution

Error code: 6836, Type: business
The amount entered in box [FSE96] must equal the amount entered in box 47/FSE48 on page SEF3. Please check.

This pre filing validation is longstanding and requires that the Net profit or loss in box 96 on the balance sheet must match either the Net profit in box 47 or Net loss in box 48, as applicable. Within PTP this means that the ‘Net profit/(loss)’ box in the Balance Sheet tab should match the ‘Net profit/(loss)’ box at the top of the Summary tab, as opposed to the ‘Net business profit/(loss) for tax purposes’ at the bottom of the Summary tab.

The SEISS grant(s) are not included in the Net profit/loss boxes 47/48, but instead are included as an adjustment in box 70.1 via the Adjustments & Losses tab in the data entry screen.

The HMRC guidance in the SA103F notes advises if you received a SEISS grant (box 70.1) to include it in box 97. Within the PTP data entry screen, under the Balance Sheet tab, this means that the amount of the SEISS grant should be excluded from the ‘Net profit/(loss)’ box and included under ‘Capital Introduced’ instead.

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