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...

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

If you receive a redundancy or severance payment from an employer, you need to declare it on your tax return as follows. SimpleStep mode Go to Your Work > Lump Sums. For a payment of £30,000 or less, enter the figure in the box Compensation and lump sum exemption, up to £30,000. For 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...

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...

Franked Investment Income (FII) is the name for UK dividends that a limited company receives from another company. To record FII on a CT600: Open Tax adjusted profit/(loss) worksheet – disallowable expenditure. Enter the accounting profit into the box labelled Profit/(loss) on ordinary...

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...