Knowledge Base - SA100 Individual Return

SA100 Individual Return

	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: 19776

	Claiming Marriage Allowance Making a Claim What to do if you cannot claim When trying to check my status or eligibility, a response of invalid or taxpayer not found is given Claiming as a non-resident Making a Claim For 2023/24 the Marriage Allowance lets you transfer £1,260 of your personal allowance to your...
	21 Mar, 2024 Views: 18413

	How much tax will I pay on my state pension lump sum? Please note: that State Pension Lump sums are only available to persons that reached state retirement age before 6/4/16 Your state pension lump sum is taxed at the highest rate charged on income received in the year. This highest rate is the one that applies after the set-off of all reliefs and...
	23 Mar, 2021 Views: 17470

	When will TaxCalc 2024 be available? TaxCalc 2024 will be available in late March 2024. We will let you know when you can update your software and this will depend on which type of customer you are. In all cases, you will not be able to file your return until after 6 April 2024, for the tax year from 6 April 2023 to 5 April 2024. ...
	22 Nov, 2023 Views: 17229

	What's the deadline for my self-assessment tax return? For the tax year ending 5 April 2024, the deadlines for self-assessment tax returns are: 31 October 2024 is the paper filing deadline. Please see our Knowledge Base article on: Can I file a paper return using TaxCalc? for further information on this. 30 December 2024 is the deadline to file...
	21 Mar, 2024 Views: 16928

	How do I increase/decrease my payments on account towards the following tax year? You can't increase payments on account towards the following tax year – you can only reduce them. You can choose to pay more on account, but HMRC will only ask for the payment on account calculated in your statement. To reduce payments on account, please follow the below instructions: HMRC...
	21 Mar, 2024 Views: 16814

	"Can't open this file. There's a problem with the file format" when trying to print preview in TaxCalc using Windows 8/8.1 You might get the following error message instead of a pdf preview window when printing from TaxCalc using Windows 8 or 8.1: Can't Open this file. There's a problem with the file format This could be caused by one of two issues: Adobe Reader isn't installed. Adobe Reader isn't the latest...
	28 Oct, 2015 Views: 15846

	Where do I enter Jobseekers Allowance on the return? To enter Jobseekers Allowance, go to the Jobseekers Allowance screen in SimpleStep or HMRC Forms. SimpleStep mode Select Pension income and benefits from the left-hand menu. Tick the box Jobseekers Allowance. Click Next Step to go to the Jobseekers Allowance screen. HMRC Forms mode ...
	23 Mar, 2021 Views: 15713

	Enterprise Investment Scheme share disposals - How to record the sale and claim disposal relief or share loss relief If you have disposed of Enterprise Investment Scheme shares in 2023/24 , you should complete the capital gains summary pages and attach your calculations if: you sold or disposed of shares which were worth more than £49,200 your chargeable gains before taking off any losses were more...
	21 Mar, 2024 Views: 15340

	Can I file a paper return using TaxCalc? If you want to file a paper return, you can print your return using TaxCalc and then send this by post. PLEASE NOTE: When you print the return, you must ensure that you print the return in greyscale or colour. Black and white returns will be rejected. The paper return deadline is 31 October 2024...
	21 Mar, 2024 Views: 14922

	Where do I enter interest received from payment protection insurance (PPI)? To declare interest received from payment protection insurance (PPI), go to the Any Other UK interest section of the tax return. SimpleStep mode Go to Other income > Savings and investments > Any other UK interest. Enter the relevant information in the boxes. HMRC Forms mode Go to...
	24 Mar, 2021 Views: 14651

	Where do I enter chargeable event or life insurance gains? You can enter chargeable event and life insurance gains in SimpleStep or HMRC Forms mode. SimpleStep mode Select Other Income from the left-hand menu. Go to Savings and Investments. Tick the box Taxable sums from a UK life insurance policy (chargeable events) Click on Next step. this will...
	09 Jun, 2021 Views: 14505

	How is FTCR (Foreign Tax Credit Relief) calculated? Foreign Tax Credit Relief (FTCR) can be claimed if an individual has paid foreign tax on a source of income which is also chargeable to UK tax. You must be living (resident) in the UK, Isle of Man or Channel Islands if you want to claim Foreign Tax Credit Relief. You can claim the lower of the...
	07 Feb, 2024 Views: 13961

	How do I offset furnished holiday letting losses against other income? You can no longer offset furnished holiday letting losses against other income. This change came into effect from the tax year ending 5 April 2012. You can only offset furnished holiday letting losses against future profits from the same property. For further information read 'What you can do...
	30 Mar, 2022 Views: 13558

	How to use HMRC Self assessment APIs for practice What are APIs? HMRC have provided a method of obtaining information relevant to the completion of a Tax Return called Application Program Interfaces or APIs. This is the first part of their overall Digital transformation project known as Making Tax Digital. Not a practice? The following...
	07 Feb, 2024 Views: 13063