When you receive the 1046 error message, this is because the details entered when attempting to file are incorrect, or they do not match what HMRC are expecting. To go through this error message, please see the below instructions or download our PDF step by step guide. Step 1: Check User ID and...

On 1st April 2015, HMRC updated their system to change the way they allocate repayments of overpaid tax. HMRC will only process the refund using the details entered in boxes 4-14 on page 6 of the core return if there had not been any payment made by debit or credit card prior to this....

Personal Tax How to pay HMRC – Different ways to pay your Income Tax or Capital Gains Tax Online Services Helpdesk – Help signing up for online services or submission issues Tel: 0300 200 3600 (+44 161 930 8445 international) Registering for Self-Assessment – How and when you need to...

If, after making a successful submission, you need to make changes and file an amended return. Please see the video tutorial for a walk through of the process. Alternatively, please follow these written steps: Make your corrections. Click on Check & Finish. Check and review your...

This article will complete an example scenario to best explain the process and entries required for the method of declaring redundancy and severance payments. In this scenario, the overall payment received as per the P60/P45 is £100,000, of which £75,000 is relating to redundancy. SimpleStep...

HMRC provides a list of exchange rates to use if you need to convert income into British pounds for your tax return.

Unfortunately TaxCalc doesn't produce any documentation bearing the official HMRC logo. This includes summaries such as the SA302. Mortgage lenders are now accepting the SA302 summary produced by third party software or the tax year overview. HMRC have stopped sending paper SA302 tax summaries...

If you can't access a copy of the previous year’s tax return prepared in TaxCalc but do have a copy of a return from an earlier year, you may wish to bring this forward to the current year to retain personal information, basic entries and HMRC filing credentials. You can only directly import a...

When completing the details surrounding a repayment of a loan, the claim for relief is dependent upon the length of time following the loan being issued. The below extract has come from the HMRC website: Reclaiming within 2 years If you’re reclaiming within 2 years of the end of the...

Overlap profits can result when the year end date doesn’t line up with the tax year. If there is an overlap, this means that in the first two tax returns that you submit online to HMRC, you will pay tax twice on the overlap amount. The following example shows you how this works. In this...

HMRC claim that so long as box 45 (Claim or relief affecting an earlier period) is ticked on the current year return, you should not need to re-file the amendment for the earlier year. This being said, customers have previously reported that although this box is ticked, the repayment has not been...

Franked Investment Income (FII) is the name for UK dividends that a limited company receives from another company. To record FII on a CT600: SimpleSteps: CT600 Core > Trade and Professional income > Tax adjusted profit/(loss) worksheet – disallowable expenditure. HMRC Forms Mode:...

The general rule when working out a reduction in personal allowance is that if your income is greater than £100,000, your allowance will be reduced by £1 for every £2 over £100,000. For example, if your income is £110,000, your personal allowance will be reduced by £5,000. The £100,000...

To register for online filing as an agent with HMRC you'll need an Agent Reference Number. Apply to your local tax office or apply online via the HMRC Online Services if you're overseas. Once you've received your Agent Reference Number, follow these steps: Go to the New user page on the HMRC...

If you are completing a return for someone who has died, there are two alternative methods of completion depending on the actions that have been completed in communicating with HMRC. If you have called HMRC and advised them of the death and informed them that you will be acting as a personal...