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Do I need to report nursery or child care vouchers?
You need to report nursery or child care vouchers if: you don't receive them under the salary sacrifice scheme and you receive more than £55 of vouchers. If you receive your nursery or child care vouchers in exchange for salary under the salary sacrifice scheme, you don't need to disclose...
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02 Mar, 2018
Views: 4195
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You must enter the Type of Capital Allowances / Purchase Date
If you receive either of these error messages when you click on Check & Finish, it means that there's an empty asset somewhere within the Capital Allowance wizard. To correct this you will need to go into the Capital Allowance wizard in SimpleStep mode and remove the empty asset. Further...
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28 Mar, 2022
Views: 4169
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Where to enter Coronavirus Support Schemes on CT600s
This article will run through where to enter Coronavirus Support Schemes on a CT600. You can enter this information in one of two ways: SimpleStep mode: Coronavirus support schemes and overpayments > boxes 471 - 474 as required. HMRC Forms mode: CT600 Core > Core > Page 5 >...
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04 May, 2023
Views: 3965
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Which self employment form should I complete?
There are two versions of the Self Employment pages of the tax return – the short and the full form. The short form is a simplified version of the full form with fewer entry boxes. You must use the full form if any of the below statements are true: turnover is more than £85,000 (or would...
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09 Mar, 2023
Views: 3867
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Does TaxCalc calculate Private Residence Relief on Capital Gains Tax?
TaxCalc doesn't calculate Private Residence Relief (PRR) on Capital Gains Tax. You will have to do this manually. You can use the HMRC helpsheet on PRR (from page 6) and the HMRC website to help you with these calculations. If you have any queries on Capital Gains Tax and PRR call the HMRC...
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25 Feb, 2015
Views: 3852
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How do I offset current year trading losses against other profits or chargeable gains on a CT600?
To offset current year trading losses against other profits or chargeable gains on a CT600, follow these steps: SimpleStep go to CT600 > Losses, Management expenses, NTLRDs and NTLIFAs > Trading Losses > Enter the amount in the box labelled Set against other profits or chargeable...
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20 Apr, 2023
Views: 3848
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How do I move my tax return between two computers to file online? (Individual Users)
To move your tax return between two computers, it is recommended follow these steps: Complete your tax return and save it to a known location using File > Save. To find a tax return that you've already saved, go to My Returns, click on your name and make a note of the file location. Exit...
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27 Dec, 2019
Views: 3811
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How do I register for online filing to HMRC?
To register for online filing you'll need your: Unique Taxpayer Reference (UTR) – the 10-digit number that appears on any correspondence from HMRC. National Insurance number or postcode. If you don't have a UTR, complete the Registering for Self Assessment form. HMRC will then send you...
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24 Mar, 2022
Views: 3801
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Class 2 NIC from 2024/25 - small profits threshold and voluntary contributions
Changes to Class 2 NIC thresholds For tax years 2022/23 and 2023/24, you needed to pay Class 2 NIC if your profits were above the Lower Profits Limit. For 2024/25 onwards, if your profits are above the Small Profits Threshold (£6,725) Class 2 contributions are treated as having been paid to...
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29 Apr, 2025
Views: 3750
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How do I unlock my return?
Your return is locked if: all fields in TaxCalc are filled in yellow a no-entry symbol appears when you hover over the fields with your mouse you can't enter data into the fields. To unlock the return, follow these steps: Click on File from the top menu. Remove the tick next to Lock...
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02 Mar, 2018
Views: 3747
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Class 2 when Self Employment / Partnership ceased or started part way through the year
If the Lloyds / Self-Employment / Partnership started trading in the middle of the tax year or ceased trading part way through the tax year, please complete the applicable entries listed below. Using SimpleStep mode: Go to Working out your tax > Class 2 & Class 4 NICs maximum charge. ...
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07 Jun, 2023
Views: 3722
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MTD for Income Tax - what to expect
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requires businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software. When you will need to enrol for MTD ITSA For individuals, MTD for ITSA will be introduced...
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11 Jun, 2025
Views: 3663
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How do I restrict the use of the losses carried forward?
You can't restrict the use of losses that have been carried forward from a previous year as they must be used against the first available profits. This means that you can't reduce the amount of the loss to use up the personal allowance first. HMRC states that the losses should be deducted from...
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25 Feb, 2015
Views: 3658
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How do I view, modify or import old CT600 returns? (Practice customers)
If you want to open a CT600 return made in an earlier version of TaxCalc, follow these steps: Go to Practice Manager. Click on Import Client Select the tax year you wish to import the file from click Continue Choose if you want to import a single return or multiple returns and Browse to...
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29 Mar, 2022
Views: 3643
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Audio-Visual Expenditure Credit (AVEC) and Video Games Expenditure Credit (VGEC)
The new Audio-Visual Expenditure Credit (AVEC) and Video Games Expenditure Credit (VGEC) replaces the current creative tax reliefs for film, high-end TV, animation, children’s TV and video games. Under AVEC and VGEC companies will receive an above the line tax credit based on qualifying...
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22 May, 2025
Views: 3596
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