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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 since 2016/17, there is no additional allowance which can be claimed. See the table below for figures for 2016–17 and previous tax years. ...
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24 Mar, 2025
Views: 1671
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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...
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20 Apr, 2023
Views: 1652
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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: 1649
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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...
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23 Mar, 2022
Views: 1647
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Where do I enter an averaging adjustment?
To enter an averaging adjustment you need to go into the Full Self Employment pages. SimpleStep mode Go to Your Work > Self Employment > Annualised turnover. Tick the bottom box for Are any of the above true (or do you wish to complete the Full form for any other reason)? Click Next...
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22 May, 2023
Views: 1621
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HMRC Filing Exclusions and Special Cases 2022/23
HMRC Filing Exclusions 2022/23 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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30 Nov, 2023
Views: 1616
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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: 1607
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How do I use the Batch Filer module?
The Batch Filer module allows you to file SA100, SA800, SA900 and CT600 tax returns in batches instead of individually. You can access Batch Filer from the home screen. The Batch Filer screen will give you details of any previous batches created and break them down by name, number of returns,...
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02 Nov, 2023
Views: 1605
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How do I use the Annual pension allowance details wizard for defined benefit schemes
How do I use the Annual Pension Allowance details wizard for defined benefit schemes? Whilst our wizard refers to terminology for defined contribution pension schemes, it can be used to determine the annual allowance and any resulting pension tax charge for defined benefit schemes (also known as...
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25 Mar, 2025
Views: 1593
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How do I claim relief for Research and Development from 1 April 2025?
Merged Research and Development Expenditure Credit (RDEC) scheme from 1 April 2025 For Corporation tax accounting periods beginning on or after 1 April 2025, 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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25 Mar, 2025
Views: 1593
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SA: How do I enter a balancing charge/allowance on disposal of a capital allowance asset.
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...
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05 Jan, 2023
Views: 1560
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Where do I enter tax deducted for share schemes?
Enter tax deducted for share schemes in the employment pages. Don't complete the share scheme box for taxable amounts that your employer has fully taxed. Normally these amounts are already included in your P60 (or P45 if you've left employment) and these are included in the employment pages. ...
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13 Jul, 2015
Views: 1555
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How to defer class 4 NIC?
Deferring Class 4 NIC From 2015/16, you are no longer able to defer Class 4 NIC. HMRC have changed the rules and if you wish to find out further information, please visit the HMRC website: Defer your National Insurance. However, you may be able to claim a refund for previous tax years. If you...
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05 Apr, 2023
Views: 1555
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What are the benefits of pre-ordering TaxCalc (Individual and Business users)?
If you're an Individual or Business customer, you can pre-order TaxCalc approximately 30 days before the update is released in late March. The benefits of pre-ordering TaxCalc are as follows: No extra cost. Avoid the Sales team at their busiest time. First to be notified of the release. ...
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08 Nov, 2022
Views: 1554
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How to import/restore tax return files when moving from the personal to practice interface?
Your tax returns are still present within your folder structure. The practice version of TaxCalc utilises a database to store your data instead of individual tax return files. You simply need to import your returns into the database. Locate your Tax return files. Before starting ensure you know...
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29 Mar, 2022
Views: 1533
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