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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: 1624
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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: 1599
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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: 1543
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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: 1517
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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: 1478
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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: 1449
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How to adjust self-employment profits for accounting periods not aligned with the tax year (from 2024/25 onwards)
When processing the information for the 2024/25 tax year, the Basis Period Reform will have already taken place. If you are unfamiliar with the rules surrounding this, it is recommended that you review this HMRC webpage for further information. If for any reason, a self employed individual has...
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03 Jun, 2025
Views: 1439
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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: 1308
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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: 1262
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Useful information relating to the Dividend Database (2023-24)
Below is some useful information surrounding the data held within the Dividend Database for the 2023-24 tax year. For information relating to other years, please see Dividend Database, useful information Alpha FX group Renamed to Alpha Group International for 2023 National Express Renamed to...
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27 Jun, 2024
Views: 1189
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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: 1188
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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: 1151
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#5015 A submission for the user and tax year has already been successfully made.
When attempting to file a return online, you may sometimes encounter the below: In these instances, HMRC are rejecting the submission (currently being processed as an original submission) as their records show an original return already listed on file. In these instance, you would need to: ...
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14 Feb, 2023
Views: 1072
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Pension Lifetime Allowance changes from 1 April 2023
The lifetime allowance charge was abolished by Finance (No.2) Act 2023 s18 with effect from 6 April 2023, although other tax charges can apply in its place. Under Finance (No.2) Act 2023 s19, benefits that would have otherwise suffered a 55% lifetime allowance charge are instead treated as pension...
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24 Oct, 2024
Views: 1066
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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: 986
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