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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 2024 -25 you pay: 6% 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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06 Feb, 2025
Views: 14960
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Error message: Tax relief is not available for pension contributions in excess of relevant UK earnings for the tax year.
The pension contribution amount, on which tax relief is available, is restricted to the amount of the taxpayer's relevant UK earnings within the tax year (or £3,600 in the absence of income). If pension contributions have been entered within the return and exceed the amount of relevant UK income...
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06 Mar, 2025
Views: 14789
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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: 14737
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HMRC Fetch API - Taxpayer data not found. Error: 404
Please note this article is specifically referring to the SA100 fetch facility. If you are receiving the error 404 for VAT submissions, please see the link for Common MTD VAT errors This error is returned when the information for a specific taxpayer and for a specific year is not available. This...
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25 Mar, 2025
Views: 14199
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Where do I enter Carers Allowance?
To enter Carer's Allowance, go to the Other taxable state benefits wizard screen in SimpleStep or HMRC Forms. SimpleStep mode Select Pension income and benefits from the left-hand menu. Tick the box Taxable State pension or benefits. Click Next Step to go to the State retirement pension and...
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03 Aug, 2020
Views: 13675
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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: 13611
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64-8 Setup, Usage and Guidance
The below information will go through the process of applying for authorisation to act on behalf of your clients. The heading below will allow you to skip to the relevant section (if applicable): Completing the 64-8 form. What happens after successful activation of the 64-8? Potential issues...
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06 Feb, 2025
Views: 13403
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Do I need to attach accounts to my CT600?
In most cases you do need to attach accounts to your CT600. For exceptions, see below. You can attach accounts in two formats: iXBRL – for most companies PDF – usually for charities only. Attaching iXBRL accounts iXBRL accounts need to be in .html or .xhtml. Support can supply you...
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04 May, 2023
Views: 13141
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How do I complete the CT600 for a long period of accounts? (Practice users)
If your accounts cover a period of over 12 months, you'll need to complete the CT600 for two periods, as follows: Prepare the accounts for the full period and generate an XBRL version. Apportion the profit/loss into a 12-month period and the remaining days – using days that meet the HMRC...
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04 Jul, 2022
Views: 12641
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What is the HMRC API?
When you authorise TaxCalc to connect to HMRC, we use a method of obtaining and submitting information called Application Programme Interface (APIs). The API approach will see HMRC: Promoting a ‘third-party software first’ approach for businesses and agents Giving greater access to APIs ...
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14 Feb, 2023
Views: 12515
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How do I file an SA800 partnership return with no trade?
If you're filing an SA800 return for a partnership that only has Land & Property, Foreign or Savings & Investments income (that is, it doesn't carry out a partnership trade or profession) you'll need to create a blank trade. You can do this in HMRC Forms mode by following these steps: ...
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25 Mar, 2025
Views: 12480
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CT600: How do I enter a balancing charge/allowance on disposal of a capital allowance asset.
The balancing charge is worked out automatically based on your entries. Please refer to the below on how to dispose of an asset. Please note the below behaviour is available from version 12.0.007 and you should update your copy of TaxCalc as required. If you have disposed of an Single Asset...
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14 Feb, 2023
Views: 12116
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TaxCalc bookkeeping spreadsheet transaction templates for MTD
To assist you with complying with digital links for MTD reporting, we have produced spreadsheet templates for recording transactions and summarising totals. The totals can then be imported by VAT Filer (for quarterly MTD VAT return submissions) and will be ready to use with MTD Quarterly Filer...
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29 Jul, 2025
Views: 11921
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Where do I enter Filing Credentials for Tax Return Production?
To enter your HMRC Self Assessment and Corporation Tax Filing Credentials, please follow the below instructions: For your Firm's details: Launch Admin Centre > Applications Click on Tax Return Production > Customise TaxCalc Click on Filing Credentials on the left Enter in your HMRC...
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27 Jun, 2024
Views: 11826
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What is the difference between Government gateway and Gov.UK verify?
HMRC have introduced a new method of taxpayer access on Gov.UK called Verify. It is a partial replacement for the Government Gateway and is designed for individuals only. The new account uses personal information to identify you when you create the account and then either additional security...
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30 Mar, 2022
Views: 11194
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