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Why does the IRmark on a tax return change?
What is the IR Mark? The IR Mark is a software generated reference and assists in the creation of the File By Internet Receipt returned by HMRC. It is a mechanism which could potentially be used during investigations, to aid taxpayers and HMRC in ensuring that the submission sent and received...
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04 Jun, 2024
Views: 10793
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Claiming tax relief for working from home
As per HMRC guidance, you may be able to claim tax relief for additional household costs if you have to work at home on a regular basis, either for all or part of the week. This includes if you have to work from home because of coronavirus (COVID-19). You can either claim tax relief on: £6 a...
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14 Feb, 2023
Views: 10723
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How do I carry back self employment losses?
To carry back a self-employment loss for the current year to a previous year, you need to make a manual adjustment to your tax return for the year in which the loss occurred. You don't need to resubmit your return for the previous year. To calculate the manual tax adjustment figure, follow these...
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23 Jul, 2025
Views: 10588
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Where do I enter my tax code?
The Tax code is NOT entered into a return. Your PAYE tax code is provided by HMRC to your employer or pension provider, in order to work out how much tax to take off your pay each month. This should mean that the correct amount of tax is collected from your pay throughout the tax year and...
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25 Mar, 2025
Views: 10386
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Getting started user guide (Practice Customers)
This guide gives you an overall picture on how to create new clients, set up the application and get started with Tax Return Production and Accounts . Please see the video below for information on getting started. Alternatively this has also been detailed below in writing. PLEASE NOTE: This...
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29 Mar, 2022
Views: 9825
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Where do I enter employment income taxed in a foreign country?
Employment income is entered in box 1 on the Employment pages. Don't enter any foreign tax in box 2. How you enter foreign tax depends on whether or not you want to claim tax credit relief. Without tax credit relief SimpleStep Mode Go to Your work > Work abroad Enter the total...
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29 Mar, 2022
Views: 9792
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1046 - I am trying to file an individual tax return (SA100) 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: Have you rebooted your machine? In some instances, especially if you are abroad, your machine may require a reboot to update the necessary connection so you can file...
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14 Jul, 2022
Views: 9736
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Where do I enter Child Benefit?
You can enter Child Benefit payments in SimpleStep or HMRC Forms mode. SimpleStep mode Click on Working out your tax. Click on Child Benefit Tax charge. Your net income will automatically appear from information already entered on the form. Click yes, no or both equal to the...
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06 Jun, 2023
Views: 9473
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How are boxes 326, 327 and 328 populated on a CT600?
This article will go through how boxes 326, 327 and 328 are populated on a CT600 return for associated companies. Firstly, you should review HMRC's company tax return guide to confirm if entries are required in these boxes. An extract has been provided below for your convenience: 326 Number of...
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09 Apr, 2024
Views: 9391
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Class 2 National Insurance -why do amounts submitted differ to HMRC calculations?
Why have HMRC repaid or revised Class 2 NICs calculations which were submitted on my tax return? It has come to light that there have been instances where the Class 2 NICs amount has been unexpectedly repaid or HMRC have issued a revised assessment showing no Class 2 NIC's due. This occurs when...
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25 Mar, 2025
Views: 9307
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Basis Period Transition for Partners in 2023/24
From tax year 2024-25 onwards, individuals that are partners in partnerships will be taxed on their share of profits from the partnership that arise in the tax year that runs from 6 April to the following 5 April (the tax year basis). This replaces the previous current year basis of taxation,...
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25 Mar, 2025
Views: 9122
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Where do I enter dividends paid to shareholders on a CT600?
Dividends paid to shareholders aren't included on a CT600. Instead you'd enter them on the shareholders' individual returns, if you're preparing these. A Corporation Tax return consists of three documents: the CT600 a set of statutory financial statements, which discloses the dividends a...
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28 Oct, 2015
Views: 8744
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How do I complete the CT600 for a long period of accounts? (Business users)
If your accounts cover a period of more than 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 or PDF-with explanation (if required). Apportion the profit/loss into a 12-month period and the remaining...
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25 Mar, 2025
Views: 8496
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How do I offset losses against profits (and also reduce Class 4 NIC)?
Set off Against other income You can offset losses against a profit to reduce tax paid. To do this enter the loss amount (which must not be greater than other profit) in the loss schedule in the following places: SimpleStep Your work > Self Employment > Full Form - Details > Losses...
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25 Mar, 2025
Views: 8453
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How do I pay tax due using my PAYE tax code
When can you pay tax owed through your PAYE code? You can pay your Self Assessment tax bill through your PAYE tax code, when all of the following apply: You owe less than £3,000 on your tax bill You already pay tax through PAYE, for example, you’re an employee or you get a company pension ...
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25 Mar, 2025
Views: 7916
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