Knowledge Base - SA100 Individual Return

SA100 Individual Return

	Which UK ties do I need to enter for non-residence? If you're claiming non-residence tax you need to enter your UK ties in box 12: SimpleStep mode – go to Residence and remittance > residence and remittance continued and enter the amount in the box labelled How many ties to the UK did you have in 2021-22? HMRC Forms mode – go to...
	23 Mar, 2022 Views: 21038

	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: 19595

	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: 18138

	When will TaxCalc 2025 be available? TaxCalc 2025 will be available in late March 2025. 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 2025, for the tax year from 6 April 2024 to 5 April 2025. ...
	09 Oct, 2024 Views: 18069

	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: 17680

	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: 17626

	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: 17381

	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: 17147

	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: 16933

	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: 16447

	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: 15657

	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: 14939

	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: 14461

	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: 14216

	What's the difference between personal allowance and Class 4 NIC rates? Your Class 4 National Insurance contributions (NIC) for any tax year are based on your profits for that year. For 2023 -24 you pay: 9% on annual profits between £12,570 and £50,270 2% on any profit over £50,270 For further information and for previous tax years, see the table below....
	21 Mar, 2024 Views: 13731