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How do I view, modify or import old CT600 returns? (Business users)
If you want to open a CT600 return made in an earlier version of TaxCalc, first try to open the file in TaxCalc using File > Open. TaxCalc 2007 To view a return prepared in TaxCalc 2007, check that you have the final release of the software (version 7.10.08): Go to Help > About...
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03 Aug, 2020
Views: 1432
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1046 - I am trying to file a trust tax return (SA900) for myself or friends and family
The best course of action is to attempt the below to verify your account setup and the UTR required for the submission. Step 1: Are you able to successfully log in to the HMRC government gateway portal? TaxCalc has the ability to import the entries for the HMRC User ID and password (if imported...
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29 Jun, 2021
Views: 1423
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How do I claim investments or shares in a Seed Enterprise Investment Scheme?
You can claim income tax relief on investments in a Seed Enterprise Investment Scheme in SimpleStep or HMRC Forms mode. Go to Tax reliefs and allowances > Relief on investments. Enter the amount in the box labelled Subscriptions for shares under the Seed Enterprise Investment Scheme. Go...
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06 Jun, 2023
Views: 1422
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Does the trial have any limitations?
The 14-day trial is a nearly fully functioning version of TaxCalc, with some limitations: Anything that is printed will appear with a watermark. You will not be able to file online whilst on a trial period. It is not possible to export any reports to Word/Excel.
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03 Aug, 2020
Views: 1387
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HMRC toolkits to help reduce errors in tax returns
HMRC publishes a series of toolkits to give guidance on areas where there are frequent errors in tax returns. These toolkits also set out steps you can take to reduce these errors. They are updated every year as required. The toolkits are available on the HMRC website (as PDFs) and cover the...
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17 Jun, 2016
Views: 1384
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How does TaxCalc import dividend income from Accounts Production onto the Corporation tax return (CT600)?
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...
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05 Dec, 2024
Views: 1379
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How do I calculate payments on account when there is Marriage Allowance?
HMRC are changing the calculation of payments on account when there is a Marriage Allowance transfer. Currently their SA110 notes suggest that payments on account should be calculated on the tax due amount, before applying the Marriage Allowance. The correct process is explained in the below...
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09 Mar, 2023
Views: 1378
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Where do I find the Capital Gains Tax summaries?
If you've completed the Capital Gains Tax pages in SimpleStep mode, the appropriate disposal, intermediate and final calculations will be in a pdf that's automatically attached to the return. You can view and print all your disposals and the intermediate and final summaries by following these...
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02 Mar, 2018
Views: 1359
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How do I enter multiple entries for Capital Gains Tax on my SA900 return?
To enter multiple entries for Capital Gains Tax on your SA900 return, follow these steps: Go to Capital Gains > CG 1. Enter the figures for gains and losses. If you have different types of disposal, column AA, type Q,U,L,O you may need to split further. Add a further page if you have...
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23 Mar, 2021
Views: 1358
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Can I run TaxCalc on Linux?
The TaxCalc application is now available on Linux for Individual and Standalone practice users. We are currently developing a network version which will be available in the future. As for now, you are able to have a LINUX machine as one of the additional machines if a windows machine acts as the...
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29 Mar, 2022
Views: 1351
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Do I need to enter an acquisition date for my Capital Gains?
When adding Capital Gains you do need to enter an acquisition date for an SA900 but not for an SA100. SA900 If you don't enter a date of acquisition on an SA900, online submission will fail. You can enter either the actual or approximate date, as the date is no longer relevant to the...
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29 Mar, 2022
Views: 1335
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How to enable notes on the corporation tax computation?
The corporation tax computation does not include certain sections of the calculation as a default. However, it is possible to manually include those sections if needed. To do this please follow the below steps; Click on Review Compuation on the left menu. Click on Edit Notes. Choose the note...
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21 Mar, 2019
Views: 1297
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Enterprise Investment Scheme tax relief clawback and how to inform HMRC
How to effect the clawback of income tax relief on the EIS investment sold within 3 years? You must notify HMRC of the event as soon as you can as the clawback of EIS relief is not made under self-assessment but by a special assessment., and so HMRC will need to calculate and send this to you in...
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03 Jan, 2023
Views: 1263
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Why I am getting a message regarding unallocated finance costs brought forward ?
If you have several instances of foreign property income for which there are previous unused finance costs, you may have to manually enter the brought forward finance costs for those properties. You will receive the following TaxCalc message: In the previous tax year, there were unused...
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24 Mar, 2020
Views: 1248
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Importing Multiple Clients from external tax return files
When you import a client using a tax return file, you are doing two things: Transferring a copy of the tax return into the TaxCalc database. Creating a record for that client in Practice Manager, which can then be used across the TaxCalc Applications. Please note: The importing process will...
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09 Mar, 2023
Views: 1243
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