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How long do I have to file an amended CT600 return?
Amended corporation tax returns can be filed online within 12 months of the original filing deadline. As the original filing deadline is normally 12 months after the accounting period end, you will usually have 2 years from the accounting period end to file an amended return. Once this submission...
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08 Sep, 2021
Views: 16770
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Where do I enter Jobseekers Allowance on the return?
To enter Jobseekers Allowance, go to the Jobseekers Allowance screen in SimpleStep or HMRC Forms. SimpleStep mode Select Pension income and benefits from the left-hand menu. Tick the box Jobseekers Allowance. Click Next Step to go to the Jobseekers Allowance screen. HMRC Forms mode ...
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23 Mar, 2021
Views: 16447
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How do I recover my HMRC password?
Whilst TaxCalc has the ability to import filing details from the previous tax year (if the import option has been used), you cannot recover the HMRC password via TaxCalc as the password is encrypted for security purposes. If you do not recall what this password is, you will have to reset this....
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20 Apr, 2023
Views: 16263
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How to utilise Current and Brought forward losses on a Corporation Tax Return.
This article will go through utilising current and brought forward losses on a CT600 tax return. Please select one of the following for instructions on how to do this: Offset current year losses Brought forward losses Offset current year losses To offset current year losses against profits...
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04 May, 2023
Views: 16111
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Can I file a paper return using TaxCalc?
If you want to file a paper return, you can print your return using TaxCalc and then send this by post. PLEASE NOTE: When you print the return, you must ensure that you print the return in greyscale or colour. Black and white returns will be rejected. The paper return deadline is 31 October 2024...
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21 Mar, 2024
Views: 15657
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When licensing TaxCalc I get the error: Product not purchased
If you receive this error message when trying to license TaxCalc, it means that: you haven't yet purchased the product. or (for Practice products) the licence has expired. However, if you have successfully purchased or renewed your software, there might be an issue with the system clock on...
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14 Feb, 2023
Views: 15436
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How do I find a missing file? (Individual, Partnership, Limited Company and Trust users)
When using TaxCalc's non -practice (Individual, Partnership, Limited Company and Trust) range of products, all returns that you create are stored on your local machine as return files. The files will be named with the following extensions: Individual – .tcsXX (where XX is the relevant tax...
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13 Jul, 2022
Views: 15272
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Where do I enter interest received from payment protection insurance (PPI)?
To declare interest received from payment protection insurance (PPI), go to the Any Other UK interest section of the tax return. SimpleStep mode Go to Other income > Savings and investments > Any other UK interest. Enter the relevant information in the boxes. HMRC Forms mode Go to...
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24 Mar, 2021
Views: 14939
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How do I offset furnished holiday letting losses against other income?
You can no longer offset furnished holiday letting losses against other income. This change came into effect from the tax year ending 5 April 2012. You can only offset furnished holiday letting losses against future profits from the same property. For further information read 'What you can do...
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30 Mar, 2022
Views: 14461
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How to use HMRC Self assessment APIs for practice
What are APIs? HMRC have provided a method of obtaining information relevant to the completion of a Tax Return called Application Program Interfaces or APIs. This is the first part of their overall Digital transformation project known as Making Tax Digital. Not a practice? The following...
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07 Feb, 2024
Views: 14216
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What's the difference between personal allowance and Class 4 NIC rates?
Your Class 4 National Insurance contributions (NIC) for any tax year are based on your profits for that year. For 2023 -24 you pay: 9% on annual profits between £12,570 and £50,270 2% on any profit over £50,270 For further information and for previous tax years, see the table below....
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21 Mar, 2024
Views: 13731
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Inputting trading and property income on a CT600
Follow these steps to input trading and property income on a CT600 form: SimpleStep: CT600 Core > Trade and professional income > Tax adjusted profit/loss-disallowable expenditure HMRC Forms: CT600 Core > Computations > Tax adjusted profit/loss-disallowable expenditure Both...
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04 May, 2023
Views: 13282
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Super-Deduction and FYA capital allowances available between 1 April 2021 and 31 March 2023
What are the new temporary capital allowances? From 1 April 2021 until 31 March 2023, companies, who are subject to corporation tax (CT), investing in qualifying new plant and machinery assets will be able to claim: a 130% super-deduction capital allowance on qualifying plant and machinery...
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27 Feb, 2024
Views: 13080
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Connection error when submitting a tax return to HMRC
If you receive a connection error message when attempting to submit an online tax return, this means that your submission isn't getting through to the Gateway quickly enough and the Gateway has closed the internet connection to prevent it becoming blocked. The likely causes of this error are...
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15 Jun, 2022
Views: 12751
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Where to enter Self-Employment Income Support Scheme (SEISS) grant information?
There are specific fields for entry of SEISS (Self-employment Income Support Scheme) claims. The screenshots below show where the boxes are located although please note you will need to be running TaxCalc 2021 (v11.13.079) or later to see these. Please note: SEISS has been removed from the 2023...
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17 May, 2023
Views: 12522
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