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Capital Gains Tax (CGT) on HMRC Forms
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...
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04 Apr, 2023
Views: 2114
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How do I import data from SA800 to SA104 Partnership Pages (Practice User)
If you're completing an Individual return where you have also prepared a partnership return, you can import the data into the SA104 pages in the tax return by following these steps. Firstly, you need to ensure that all of the required data is included within Practice Manager. Please check that...
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24 Sep, 2024
Views: 2112
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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...
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07 Feb, 2020
Views: 2087
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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...
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23 Oct, 2019
Views: 2066
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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'. ...
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23 Mar, 2021
Views: 2043
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What is the tax pool calculation in a Trust return (SA900)
What is a tax pool Tax pools apply to discretionary trusts. Discretionary trusts are taxed at the trust rates of income tax and the trustees are responsible for paying the income tax on income received by the trust. When trustees make a discretionary payment of income to beneficiaries, the...
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07 Nov, 2023
Views: 2021
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On an R40, where do I report interest from an authorised unit trust (AUT) or an open-ended investment company (OEIC)?
You should report interest from an authorised unit trust (AUT) or an open-ended investment company (OEIC) in the following boxes: Box 3.1 – net interest paid by AUTs and OEICs. Box 3.2 – the tax deducted from this interest. Box 3.3 – the gross amount of interest. Box 3.6 – dividends...
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15 May, 2015
Views: 1999
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#3314 Inconsistent duplicate fact values (core:PropertyPlantEquipment) when filing to HMRC
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...
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28 Mar, 2022
Views: 1998
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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...
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07 Feb, 2020
Views: 1984
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What is a 5093 Invalid authentication type error?
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...
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09 Jun, 2021
Views: 1921
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How does the CT600 calculate tax for a period that straddles 1 April 2023 with the 25% main rate change?
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 ...
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13 Mar, 2024
Views: 1886
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How do I claim relief for Research and Development from 1 April 2024?
Merged Research and Development Expenditure Credit (RDEC) scheme from 1 April 2024 For Corporation tax accounting periods beginning on or after 1 April 2024, a new merged Research and Development Expenditure Credit (RDEC) scheme is available for eligible trading companies within the charge to UK...
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27 May, 2025
Views: 1883
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HMRC Filing Exclusions and Special Cases 2021/22
HMRC Filing Exclusions 2021/22 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...
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20 Apr, 2023
Views: 1859
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Full Expensing capital allowances available from 1 April 2023 until 31 March 2026
What are the new temporary capital allowances? From 1 April 2023 until 31 March 2026, companies, who are subject to corporation tax (CT), investing in qualifying, new plant and machinery assets will be able to claim: a 100% full expensing first year allowance (FYA) on qualifying plant and...
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10 Jul, 2023
Views: 1849
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How do I enter creative tax credit on my CT600?
Creative industry tax reliefs are a group of tax reliefs that allows qualifying companies to increase their amount of allowable expenditure and thereby reduce the corporation tax liability. In case the company incurs a loss during the period, you will be able to a surrender this loss and convert...
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23 May, 2023
Views: 1844
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