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MTD for Income Tax - what to expect
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requires businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software. When you will need to enrol for MTD ITSA For individuals, MTD for ITSA will be introduced...
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06 May, 2025
Views: 1277
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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: 1267
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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: 1266
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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: 1264
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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: 1247
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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: 1237
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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: 1183
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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: 1172
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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: 1159
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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: 1133
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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: 1119
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Why aren't the IRmark and time stamp appearing when I print a tax return?
If the IRmark and time stamp are on the top of each page, and on the pdf preview but don't appear when you print your return, check your printer settings: Go to the heading Page Sizing & Handling. Click on Fit. Click on Fit to printable area or Shrink to fit (or similar). Print document. ...
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24 Mar, 2022
Views: 1114
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Can I still use separate credentials for each client when filing online?
You can still use separate filing credentials when filing online. You'll have two options when you file the return: Manually type in the credentials that you use to log into the HMRC website – this can be any user ID and password that's registered to file online for this Unique Taxpayer...
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19 Nov, 2015
Views: 1086
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Annual Investment Allowance 2019 Update
The AIA limit is increased from £200,000 to £1 million for two years from 1 January 2019. This increase has been extended until the tax period falling before 1 April 2023. Transitional rules will apply where there is a chargeable period which spans the 1 January 2019, or 1 April 2023: ...
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29 Mar, 2022
Views: 1067
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Message from TaxCalc - Cannot replace the file (when printing/previewing or saving a PDF)
If you receive a message similar to the following when creating a PDF or previewing one, it means that there is an illegal character at the end of the client's name. The character(s) normally show as a space and are most often carriage returns caused by copying and pasting the name from...
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03 Jan, 2024
Views: 1049
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