|
Where do I enter any credit already on my HMRC account?
Enter any credit already on your HMRC account in SimpleStep or HMRC Forms mode. SimpleStep mode Go to Working out your tax > Payments on account. Enter the credit amount in the box Please also enter here any other payments or credits towards... HMRC Forms mode Go to Payments on...
|
|
29 Mar, 2022
Views: 1638
|
|
|
When do I make payments on account?
You'll usually have to make two payments on account for the current year's tax: One by 31 January in the current year. One by the following 31 July. Each payment is half of the tax due for the previous year. For example, for the tax year 2023-24 (6 April 2023 to 5 April 2024), the first...
|
|
21 Mar, 2024
Views: 1633
|
|
|
What do I do if a provisional field validation message appears but there are no provisional fields?
If you receive a provisional field validation message when there are no provisional fields, you need to un-mark the return as provisional. SimpleStep mode (SA100) Select Other Information from the left-hand menu. Un-tick the second box 'Any of the figures you have given are provisional'. ...
|
|
23 Mar, 2021
Views: 1619
|
|
|
How do I upgrade my TaxCalc practice software?
To understand some of the terms used on this page please read What is the difference between renewing, upgrading and updating my TaxCalc practice software?. You can upgrade your TaxCalc Tax Return Production or Accounts Production package to a different one at any time. If you're within 30 days...
|
|
12 Feb, 2020
Views: 1590
|
|
|
How do I use TaxCalc's Encrypted PDF tool?
Encrypted PDF is an add-on product provided by TaxCalc, that allows a return to be saved as a PDF document and then encrypted with a password. This encrypted PDF document will not open until the correct password has been entered. As the password is hard coded into the document itself, it will be...
|
|
23 Oct, 2019
Views: 1574
|
|
|
I can't import partnership profits to individual return
If you can't import partnership profits to an individual return, make sure that the two are linked in the partnership return: Launch Practice Manager. Select partnership return. Right click; Open In> Tax Production> Open. Click on Add New Partner. Enter details for the new...
|
|
07 Feb, 2020
Views: 1549
|
|
|
Claiming relief on P2P loans
To claim relief on peer-to-peer (P2P) loans for the current tax year (2023/24), you will need to make a manual reduction before entering figures onto the return. Please see the guidance published by HMRC (Income tax relief for irrecoverable peer to peer loans guidance) for more information....
|
|
21 Mar, 2024
Views: 1532
|
|
|
Can I use Dropbox or other file hosting services to store and share my data? (Practice users)
If you use a stand-alone machine, we recommend that you store your data on the default local database to ensure that all data is stored centrally and securely. However, if you want to share data in a cloud or hosted environment such as Dropbox, you can store data in individual files as with...
|
|
23 Mar, 2022
Views: 1530
|
|
|
How do I carry back partnership losses?
To carry back a partnership loss for the current year to a previous year, you need to make a manual adjustment to your SA100 tax return for the year in which the loss occurred. You don't need to re-submit your return for the previous year and this cannot be done via the SA800 tax return. To...
|
|
01 Aug, 2022
Views: 1511
|
|
|
Age-related allowance
In previous years, if you were 65 or over, you may have qualified for an additional age-related allowance on top of your personal allowance. Unfortunately for 2016/17, there is no additional allowance which can be claimed. See the table below for figures for 2016–17 and previous tax years. ...
|
|
29 Mar, 2017
Views: 1472
|
|
|
HMRC Filing Exclusions and Special Cases 2020/21
HMRC Filing Exclusions 2020/21 Exclusions have arisen due to the previous introduction of additional allowances and bands for certain types of income, making the calculation of the tax liability more complex. HMRC systems expect our software to match their method of calculation in order for the...
|
|
20 Apr, 2023
Views: 1449
|
|
|
How do I encrypt or password protect my tax return?
If you want to encrypt or protect your tax return so that it can only be read using a password, follow these steps: Open the tax return. Go to File > Password Encryption. Read the introduction text carefully. Set a new password as required. Save the return. When you next open the tax...
|
|
07 Feb, 2020
Views: 1427
|
|
|
Class 4 National Insurance Contributions maximum charge when Class 1 contributions are also paid
What is meant by 'maximum charge' HMRC's annual Class 4 National Insurance Contribution (NIC) maximum is the device that limits the amount of Class 4 NICs payable in a tax year in addition to any Class 1 and 2 NICs payable. This means that an individual who is both employed and self-employed...
|
|
14 Feb, 2023
Views: 1425
|
|
|
How do I access the What If? Planner?
The What If? Planner lets you forecast next year's tax bill. To access the planner, follow these steps: Open your individual tax return (SA100). Click on WhatIf Planner from the left hand menu. If you have purchased the What If? add on product and this option isn't available, check the...
|
|
25 Oct, 2022
Views: 1424
|
|
|
Importing a Tax Return stored as a file into the Database
TaxCalc defaults the tax returns to be stored in the central database. If you’re using a standalone or network version, you have the option to store your returns either in a local database or in regular files. We do not recommend this as it may cause potential duplication of data, particularly...
|
|
09 Mar, 2023
Views: 1424
|
|