Knowledge Base - SA100 Individual Return

SA100 Individual Return

	What is a 1046 authentication error? When you receive a 1046 error message in TaxCalc (as shown above), it means one of the following: HMRC hold different details to what has been input into TaxCalc prior to the submission attempt There is a block on your HMRC account. This can happen if you have attempted to file a number...
	26 Oct, 2023 Views: 127923

	Update to refunds made by HMRC On 1st April 2015, HMRC updated their system to change the way they allocate repayments of overpaid tax. HMRC will only process the refund using the details entered in HMRC Forms: SA100 Core Return > Page 6 > boxes 4-14 SimpleStep: Other information > Bank Details If there had...
	14 Feb, 2023 Views: 101838

	How do I resubmit a return or file an amended return? If, after making a successful submission, you need to make changes and file an amended return. Please see the video tutorial for a walk through of the process. Alternatively, please follow these written steps: Make your corrections. Click on Check & Finish. Check and review your...
	21 Mar, 2024 Views: 65286

	Where do I declare redundancy or severance payments? This article will complete an example scenario to best explain the process and entries required for the method of declaring redundancy and severance payments. In this scenario, the overall payment received as per the P60/P45 is £100,000, of which £75,000 is relating to redundancy. SimpleStep...
	29 Mar, 2022 Views: 45540

	How do I complete a tax return for someone who has died? If you are completing a return for someone who has died, there are two alternative methods of completion depending on the actions that have been completed in communicating with HMRC. If you have advised HMRC of the death of the deceased and informed them that you will be acting as a personal...
	21 Mar, 2024 Views: 40905

	What exchange rate shall I use to convert foreign income into British pounds? HMRC provides a list of exchange rates to use if you need to convert income into British pounds for your tax return.
	17 Jun, 2016 Views: 35843

	How do I complete a return for a foster carer? You need to take certain things into account when completing the return, for example, the qualifying amounts that you can deduct from total care receipts. Deductions from total care receipts (2024) include: £18,140 per household. a weekly amount for each cared for child or adult £375...
	21 Mar, 2024 Views: 34484

	Why can't I print my document or create a PDF? If you're having problems printing or creating a PDF this could be due to a problem with the installation or configuration of the default PDF reader. If you're using TaxCalc 2015 or newer you can switch to TaxCalc Viewer instead. For more information read How do I enable TaxCalc Viewer? If your...
	28 Dec, 2018 Views: 33553

	Can I get an official HMRC SA302 summary from TaxCalc? Unfortunately TaxCalc doesn't produce any documentation bearing the official HMRC logo. This includes summaries such as the SA302. Mortgage lenders are now accepting the SA302 summary produced by third party software or the tax year overview. HMRC have stopped sending paper SA302 tax summaries...
	23 Feb, 2022 Views: 32572

	How do overlap profits/relief work? Overlap profits can result when the year end date doesn’t line up with the tax year. If there is an overlap, this means that in the first two tax returns that you submit online to HMRC, you will pay tax twice on the overlap amount. The following example shows you how this works. In this...
	10 Mar, 2015 Views: 30380

	How is the reduction of my personal allowance calculated? The general rule when working out a reduction in personal allowance is that if your income is greater than £100,000, your allowance will be reduced by £1 for every £2 over £100,000. For example, if your income is £110,000, your personal allowance will be reduced by £5,000. The £100,000...
	02 Mar, 2018 Views: 29439

	Tax Rates and Allowances Please select from below: Income Tax National Insurance Contributions Working and Child Tax Credits Child Benefit and Guardian's Allowance Tax Free Savings Account Fuel Benefit Charge Van Benefit Charge VAT Capital Allowances Corporation Tax Authorised Mileage Rates Pension Contributions...
	21 Mar, 2024 Views: 26282

	Who is considered a connected persons in Capital Gains? In Capital Gains, a connected person is: your husband or wife or civil partner (but see the notes on page CGN 2 of HMRC's Capital Gains Summary Notes on transfers of assets between husbands and wives and civil partners) your brothers and sisters, and your spouse’s or civil partner’s...
	24 Mar, 2022 Views: 21923

	How do I pay HMRC? You can pay HMRC by several methods which are listed below with links to the relevant page on HMRC's website: Same or next day: Online or telephone banking CHAPS (Clearing House Automated Payment System) Debit or Credit Card online (You won't be able to pay with a personal credit card...
	28 Mar, 2022 Views: 21864

	How do I offset Capital (CGT) losses? Any unused Capital Gains Tax losses from previous years that are carried forward have to be used against the first available capital gains. This means that you can reduce your capital gains to the yearly allowance amount (£6,000 in 2023-24) and carry forward the remaining losses. TaxCalc does...
	21 Mar, 2024 Views: 21430