Sub Categories
folder SA100 Individual Return
folder SA800 Partnership Return
folder SA900 Trust Return
folder CT600 Corporation Tax Return
folder R40
folder Filing Online
folder MTD Quarterly Filer


Tax Return Production
As a non-resident, how do I claim personal allowances where available?
You may be able to claim personal allowances as a non-resident. If you are allowed to do this, you can input the details using SimpleStep or HMRC Forms as instructed below. SimpleStep mode Browse to Residence and Remittance Tick the box for Personal allowances under a Double Taxation...
rating 20 Feb, 2020 Views: 5414
How is Top Slicing Relief calculated after the Finance Bill 2020 changes?
What is Top Slicing Relief? Top Slicing Relief (TSR) 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 every year. It’s not an exact calculation as it...
rating 06 Sep, 2023 Views: 5247
10% deduction on foreign pension income
From 06/04/2017 the ruling for 10% foreign pension deduction changed and therefore, you need to ascertain whether you are eligible for the 10% deduction or not. More information on this can be found on the HMRC web page here. By default, the returns from 2019 will not apply the 10% deduction...
rating 09 Apr, 2019 Views: 5240
What is a partnership return or SA800?
Partnership return (SA800) The SA800 is the partnership ‘statement’ that the nominated partner completes to declare: the income sources of the partnership how they are divided amongst the individual partners. It should contain: the Unique Taxpayer Reference (UTR) of the...
rating 25 Jul, 2023 Views: 5206
How do I complete a CT600 for a property company? (Business users)
To complete a CT600 for a property company, follow these steps: Open the CT600. Go to Company Type (SimpleStep mode) or Information (HMRC Forms mode). Tick the box labelled Should the company be taxed as a Property Business (formerly Schedule A)? Open the Tax Adjusted Profit/(Loss)...
rating 03 Aug, 2020 Views: 5152
How do I make a negligible value claim?
If you own an asset that has become of negligible value – worth next to nothing – you can make a negligible value claim. This will be treated as though you'd sold the asset and immediately reacquired it for an amount equal to its value at the time you made the claim. Before you can make a...
rating 03 Aug, 2020 Views: 5033
Private Pensions, Lump Sums and 25% from drawn down pensions
Lump sum payments from a final salary pension are received free of tax and are not entered on the SA100 (individual tax) return. For any draw down payments that have a tax free element (25%), the taxable amount (75%) should be declared on the return as usual. If you are unsure where the pension...
rating 07 Jun, 2023 Views: 4917
1046 - I am an agent trying to file a client’s tax return
As an agent, if you have recently made a submission for another client, for the same tax return type, the likely cause is going to be the UTR entered on the return. We would recommend ensuring that you have a HMRC letter with the UTR present to verify that this is correct and has been entered...
rating 29 Jun, 2021 Views: 4870
Entrepreneurs Relief changes from 11 March 2020
Entrepreneur’s Relief- disposals after 11 March 2020 What has changed? Whilst it was announced in the Budget 2020 that the lifetime allowance would be reduced from £10 million to £1million for disposals made on or after 11 March 2020, at the time of writing, there has been no legislative...
rating 24 May, 2023 Views: 4845
TaxCalc doesn't generate a print preview
TaxCalc uses the Adobe pdf file standard as its printing output. This allows you to have more control over the printing options and also allows you to save your tax returns as pdf documents. If you get an error from Adobe Reader when trying to generate a print preview, follow these instructions:...
rating 16 Mar, 2016 Views: 4814
Error #5017 - Known Facts Check - Failed to match tax reference
‘SuRF’ (Suspected Repayment Fraud) Letters (FBI error 5017) Error 5017: Failed to match Tax Reference The individuals UTR for this tax return has been ‘blocked’ by HMRC. A repayment claim made in a previous tax year, has failed routine...
rating 05 Apr, 2022 Views: 4708
Error message: 1610 The accounting period for this amended return does not match the records currently held for the company
When you file a Corporation Tax return to HMRC, the system expects the next return to be either an amended return or a new return following on from the last period. If you submit an incorrect period and then try to amend the dates, you'll get the following error message: 1610 Known Facts Check...
rating 21 Sep, 2015 Views: 4703
Where do I enter overlap relief for self employment?
You can only claim overlap relief using the Full Self Employment pages. SimpleStep mode Click on Your Work. Select the Self Employment option. Click on Next step to continue to the Annualised turnover screen. Tick yes to the question Are any of the above true (or do you wish to complete the...
rating 27 Jul, 2020 Views: 4660
How are software enhancements and issues prioritised at TaxCalc?
Every piece of software in every sphere will always have a list of outstanding enhancement requests and issues. We are fortunate that the list for TaxCalc is brief by industry standards and we are able to cover most things on a fairly short cycle due to our above average release frequency....
rating 07 Aug, 2019 Views: 4630
How do I add a new asset to the Capital Allowances grid?
To enter a new asset on the Capital Allowances grid, first go into the Capital Allowances wizard. SimpleStep mode SA100 – Your Work > Self Employment > Short/Full Form – Details > Capital Allowances SA800 – Trades or professions for (XXX) > Capital allowances for > CA...
rating 03 Aug, 2020 Views: 4613

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