Please see the following instructions on how to complete the Capital Gains Tax (CGT) pages on HMRC Forms Go to Capital Gains > Do you want to complete the Capital Gains page? ‘Yes’ > Do you wish to use Forms Mode? ‘Yes’ HMRC Forms mode is a form filling exercise where you...

For comprehensive information on the Seed Enterprise Investment Scheme (SEIS), including when you can claim relief, read HMRC guidance: Seed Enterprise Investment Scheme – Income Tax and Capital Gains Tax reliefs. To claim reinvestment relief for SEIS shares you'll need to complete the claim...

To enter a balancing charge/allowance for an asset disposal, follow these steps: Browse to the Capital Allowance section of the chosen return Ensure you are using the calculator and click on Add a new asset. Complete the asset details Note if you have previously cleared the asset value in...

The information you provide within the SA302 calculation will determine how much tax is due. This calculation will then apply any tax already deducted and leave you with a balancing payment (if there's any tax outstanding) or a repayment due (if you've overpaid in tax). If your total tax bill is...

TaxCalc can only print PDFs created using versions 1.4 to 1.7. To check the version of your PDF, complete the following steps: Open the PDF document. Click on File in the left-hand corner. Click on Properties. Check the version number in the pop-up window. If you can't print the PDF,...

Once you've completed your tax return, you can submit it online using TaxCalc. To do this, please see our video tutorial below: Alternatively, please see the written steps below: Click on Check and Finish. If there are no errors, click on File Online. Make sure the Test File box is...

MTD Quarterly Filer provides the functionality to complete in-year submissions (Quarterly Updates) and integrates with TaxCalc modules, as well as other bookkeeping and spreadsheet solutions. Before you begin Before you can submit quarterly updates, the individual must be registered for Making...

The treatment of dividend income received and where this information should be declared on the corporation tax return will depend on whether certain criteria is met (as laid out in the legislation here) which confirms some dividends/distributions are chargeable to corporation tax whilst others are...

When filing a CT600 online to HMRC, you may experience the below error message: As you can see by the location listed, HMRC are refusing the submission based on the attached accounts, specifically in reference to the values listed and tagged under Property, Plant and Equipment. We recommend...

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...

Restricted Finance Costs from Property Income From 6 April 2017, new rules were introduced to restrict deductions from property income for finance costs for residential properties for individuals . The measure was introduced is to restrict relief for finance costs to the basic rate of income tax...

When you receive the 5093 error message, this is because the UTR details entered when attempting to file are incorrect, or they do not match what HMRC are expecting. This message is sent directly from HMRC as the portal does not recognise the UTR for the chosen service. This error is common...

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...

Sometimes more than one tax return can link to the same file if the file location appears to be different but is effectively the same – for example, one file name has capitals and the other doesn’t. If this happens, although it looks like there are two returns, they both link to the same file....

From 01/04/2023, HMRC have increased the main rate of corporation tax from 19% to 25%. The small profit rate of 19% remains for *companies with profits under £50,000. *Small profit rate is not available from 1 April 2023 for Close investment-holding companies Non-UK resident companies ...