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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: 1932
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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: 1917
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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: 1879
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Audio-Visual Expenditure Credit (AVEC) and Video Games Expenditure Credit (VGEC)
The new Audio-Visual Expenditure Credit (AVEC) will replace the current film, high-end TV, animation and children’s TV tax reliefs. Under AVEC companies will instead receive an above the line tax credit based on qualifying expenditure. These will be taxable. The new Video Games Expenditure...
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27 Jun, 2024
Views: 1878
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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: 1875
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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: 1858
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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: 1838
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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: 1806
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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: 1779
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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: 1749
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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...
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25 Oct, 2022
Views: 1725
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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: 1716
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How do I apply the Scottish tax rate to my return and what impact does this have?
When using TaxCalc, the tax return should automatically have the tax rate applied based on the postcode of the address on the return. Therefore the return will automatically apply the Scottish rate if there is a Scottish postcode. If this doesn't happen, please ensure that you are running the...
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25 Mar, 2025
Views: 1714
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Network Access is Disabled
When submitting a tax return through to HMRC, it can sometimes fail with the message 'Network access is disabled' There are a few reasons for potentially obtaining this error when sending a live submission through the gateway. These include: Proxy Server Firewall/Anti-Virus blocking...
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29 Mar, 2022
Views: 1708
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How do I import joint income between two tax returns (Practice User)?
You can import income from one return to another by following these steps: Open up an SA100 tax return. Select Joint income importing from the left-hand menu. Select Import joint data. Browse and search for the client you want to import the data from. Click on Select. Select the tax return...
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11 Aug, 2015
Views: 1706
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