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HMRC toolkits to help reduce errors in tax returns
HMRC publishes a series of toolkits to give guidance on areas where there are frequent errors in tax returns. These toolkits also set out steps you can take to reduce these errors. They are updated every year as required. The toolkits are available on the HMRC website (as PDFs) and cover the...
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17 Jun, 2016
Views: 1276
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Where do I find the Capital Gains Tax summaries?
If you've completed the Capital Gains Tax pages in SimpleStep mode, the appropriate disposal, intermediate and final calculations will be in a pdf that's automatically attached to the return. You can view and print all your disposals and the intermediate and final summaries by following these...
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02 Mar, 2018
Views: 1253
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HMRC Filing Exclusions and Special Cases 2024/25
HMRC Filing Exclusions 2024/25 Exclusions have arisen due to the previous introduction of additional allowances and bands for certain types of income, making the calculation of the tax liability more complex. HMRC systems expect our software to match their method of calculation in order for the...
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20 Mar, 2025
Views: 1240
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How do I calculate payments on account when there is Marriage Allowance?
HMRC are changing the calculation of payments on account when there is a Marriage Allowance transfer. Currently their SA110 notes suggest that payments on account should be calculated on the tax due amount, before applying the Marriage Allowance. The correct process is explained in the below...
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09 Mar, 2023
Views: 1230
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Do I need to enter an acquisition date for my Capital Gains?
When adding Capital Gains you do need to enter an acquisition date for an SA900 but not for an SA100. SA900 If you don't enter a date of acquisition on an SA900, online submission will fail. You can enter either the actual or approximate date, as the date is no longer relevant to the...
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29 Mar, 2022
Views: 1157
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Why aren't the IRmark and time stamp appearing when I print a tax return?
If the IRmark and time stamp are on the top of each page, and on the pdf preview but don't appear when you print your return, check your printer settings: Go to the heading Page Sizing & Handling. Click on Fit. Click on Fit to printable area or Shrink to fit (or similar). Print document. ...
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24 Mar, 2022
Views: 1095
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Where do I enter seafarers' earnings?
You can enter seafarers' earnings in SimpleStep or HMRC Forms mode as follows. SimpleStep mode Go to Your Work > Work Abroad > Seafarers' Earnings deduction. Alternatively, click on View Wizard next to the employment and enter the relative information per employment. HMRC Forms mode ...
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04 Apr, 2023
Views: 1043
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Why is the interest amount on the SA302 summary different from the amount entered on the return?
The interest on the SA302 summary will be different from the interest on the return because the SA302 shows the gross amount received (before tax has been deducted) and the return shows the net amount (after tax has been deducted). The amount on the SA302 summary is calculated by taking the net...
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25 Feb, 2015
Views: 935
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Enterprise Investment Scheme tax relief clawback and how to inform HMRC
How to effect the clawback of income tax relief on the EIS investment sold within 3 years? You must notify HMRC of the event as soon as you can as the clawback of EIS relief is not made under self-assessment but by a special assessment., and so HMRC will need to calculate and send this to you in...
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03 Jan, 2023
Views: 935
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Why is the loss figure on my return shown without brackets?
If your return has one box for profit and another for loss, the loss figure will appear without brackets. Brackets are only used to denote a negative figure when the same box is used for profit and loss.
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20 Aug, 2015
Views: 931
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Why am i not receiving basic rate relief for finance costs?
The HMRC guidance document confirms below the factors which have to be applicable in order for the relief to be available. Individuals will be able to claim a basic rate tax reduction from their Income Tax liability on the portion of finance costs not deducted in calculating the profit. In...
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24 Mar, 2021
Views: 900
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How to use the joint property income calculator
The joint property income calculator is available in SimpleStep mode within the UK Property and Furnished Holiday lettings in the EEA pages, accessible from each property record created. Unlike the joint income importing functionality which assumes a 50% split, the calculator allows for the...
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12 Oct, 2023
Views: 860
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Importing director dividends from Accounts Production into the SA100
How can I import director dividends from the company accounts into a tax return (SA100)? Dividend information for directors' individual tax returns can be viewed and selected within the tax return, rather than searching for the amounts separately in Accounts Production. This functionality relies...
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14 Mar, 2023
Views: 810
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How do I remove capital allowances if I'm now using the Cash Basis Scheme?
If you’re using the cash basis scheme, capital allowances will be accounted for within your expenses. You can delete entries from the capital allowances wizard in either SimpleStep or HMRC Forms mode. SimpleStep mode Go to Self Employment > Short/Full Form – Details > Capital...
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04 Apr, 2023
Views: 783
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Statutory Residence Test changes relating to COVID-19
The Statutory Residency Test (SRT) is the legislation by which an individual’s UK tax resident status is established. There are a number of automatic tests applied, from which you are deemed to be either non-resident or UK resident or if none of the conditions have been met, a day test will apply...
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23 Jun, 2020
Views: 781
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