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How are boxes 330 and 380, for the financial year, populated on the CT600?
This article explains how boxes 330 and 380 are populated in the Corporation Tax Return. Boxes 330 and 380 refer to the financial years and are located within the Corporation Tax Chargeable page. The financial year for HMRC corporation tax purposes (in terms of rate and other changes) runs from...
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20 Mar, 2025
Views: 709
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How is Top Slicing Relief calculated for 2018/19?
Top Slicing Relief hypothetically spreads a chargeable event gain (CEG), such as a gain on a life policy, over the years of the policy, such that the tax is payable as if the CEG had been received in equal amounts in every year. It’s not an exact calculation as it doesn’t match the income to...
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06 May, 2020
Views: 703
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HMRC Exclusion 102 - chargeable event gain and beneficial ordering of the personal allowance
HMRC Filing Exclusion 102 will affect taxpayers who have a Chargeable Event Gain (CEG) with notional tax, in the higher rate band and dividend income. The personal allowance is being allocated against the CEG when it would be more beneficial to allocate it against the nil rate dividend income. ...
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07 Jun, 2023
Views: 701
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Useful information relating to the Dividend Database (2022-23)
Below is some useful information surrounding the data held within the Dividend Database for the 2022-23 tax year. If you are looking for information relating to the 2021-22 tax year, please review our article for Useful information relating to the Dividend Database (2021-22). For information...
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27 Jun, 2024
Views: 675
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Why can I see a hybrid rate for capital allowances?
HMRC will issue the rates available for each pool based on the full tax year. If you have a scenario where a tax return is covering a period other than a tax year, you will see the term Hybrid present on the Capital Allowance Calculation Grid. This is because the application will complete the pro...
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06 Mar, 2024
Views: 621
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Where to enter Disguised Remuneration?
What is Disguised Remuneration? Disguised remuneration schemes are the arrangements that pay loans instead of ordinary income, to avoid Income Tax and National Insurance contributions. Disguised remuneration can be described as earned income received via a scheme as a loan or some other...
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13 Mar, 2024
Views: 620
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How do I create a CT600 for an earlier period?
You can create a CT600 return in Practice Manager or Tax Return Production. Make sure you're using the latest version of TaxCalc and follow the instructions below. Practice Manager Open Practice Manager. Right-click on the client. Select Open in Tax Return Production. Click on New Return. ...
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04 Apr, 2023
Views: 616
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What penalty will I pay if I miss the filing deadline?
The online filing deadline is 31 January. Registration can take between 7 and 10 days, so make sure you register early to allow yourself plenty of time to file. If you file your return after the deadline, HMRC will charge you a £100 penalty. You’ll have to pay this even if: your return is...
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19 Feb, 2024
Views: 602
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I can't save my return to my file system
If you can't save a return from the database to your own file system, it's usually because there's an extra space or spaces at the end of the company name (either within Practice Manager or on the tax return). To remove the space(s), follow these steps: In Practice Manager, double-click on...
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17 Oct, 2019
Views: 597
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How do I turn off 'Sent to Client?' in tax returns?
When printing a tax return, TaxCalc will ask you if you want to mark the return as printed and sent to client for approval. To turn this setting off, follow these steps: Select Admin Centre from the home screen. Click on Applications on the left. Click on Tax Return Production in the middle...
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24 Mar, 2020
Views: 596
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How do I sort data I've entered into a wizard?
If the wizard contains an underlined heading, you can sort data by that column: Click on the heading to sort the data alphabetically. Click on the heading again to sort the data in reverse order.
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15 May, 2015
Views: 593
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Error: My R185 won't print
If you receive an error message when you try to print an R185 it means that the SA900 software hasn't ticked the R185 box. To fix this, carry out the following steps: On the Navigation menu click Form R185 to open the type selection page. Tick the box appropriate for your type of R185. ...
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03 Feb, 2015
Views: 577
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How do I import data from Accounts Production into the UK Property Pages?
From version 13.0.045, the facility to import data from Accounts Production directly into the SA105 UK Property pages was made available. Please see the below instructions on how to complete the import process. SimpleStep mode: Browse to Other income > UK Property and Furnished Holiday...
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12 Oct, 2023
Views: 544
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Pension Lifetime Allowance changes from 1 April 2023
The lifetime allowance charge was abolished by Finance (No.2) Act 2023 s18 with effect from 6 April 2023, although other tax charges can apply in its place. Under Finance (No.2) Act 2023 s19, benefits that would have otherwise suffered a 55% lifetime allowance charge are instead treated as pension...
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24 Oct, 2024
Views: 540
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Why does my text in the 'Any other information' box keep disappearing?
If you enter text in the Any other information box and it disappears, this means that TaxCalc hasn't automatically saved it. TaxCalc automatically saves data every two minutes. However, for TaxCalc to register that you've made a change you need to click outside the box after you've entered text....
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03 Aug, 2020
Views: 520
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