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How to use HMRC Self assessment APIs for Individuals
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 an Individual user? The...
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07 Feb, 2024
Views: 4311
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Where do I enter payments on account?
To enter payments on account, go to the Payments on account section using SimpleStep or HMRC Forms. SimpleStep mode Working out your tax > Payments on account for 2021/22 HMRC Forms mode Tax Details > Statements of account (bottom half of the screen) How are Payments on Account...
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06 Jun, 2023
Views: 4288
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I've received a letter from HMRC stating that I've submitted an amended return but no original has been received – what do I do?
An online amendment would've been sent to HMRC if the Amended box was ticked in the online filing settings page when you filled in your original return. If you haven't submitted the original return yet, follow these steps: Click on Check and Finish. Click on File online. Click on Re-submit...
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15 Jun, 2016
Views: 4171
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How do I make a negligible value claim?
If you own an asset that has become of negligible value – worth next to nothing – you can make a negligible value claim. This will be treated as though you'd sold the asset and immediately reacquired it for an amount equal to its value at the time you made the claim. Before you can make a...
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03 Aug, 2020
Views: 4155
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Tax on COVID grants
During 2020, and continuing throughout 2021, the government provided grants to assist businesses that were affected by the Coronavirus pandemic. How are COVID grants taxed? The legislation confirms that all COVID-19 support scheme payments are taxable under either Income Tax or Corporation Tax...
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11 May, 2023
Views: 4148
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TaxCalc doesn't generate a print preview
TaxCalc uses the Adobe pdf file standard as its printing output. This allows you to have more control over the printing options and also allows you to save your tax returns as pdf documents. If you get an error from Adobe Reader when trying to generate a print preview, follow these instructions:...
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16 Mar, 2016
Views: 4129
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HMRC API - Service status & common messages
Below are some common questions, queries and answers regarding the HMRC API facility that can be found within TaxCalc: Who should complete the identity check during authorisation? The identity check should be completed by someone who is authorised to act for your firm. (Details asked include...
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30 Oct, 2018
Views: 3813
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Claiming rent a room relief and property allowance
HMRC have confirmed that an individual can claim the property allowance for one property and rent a room relief for another. If rent a room income is below £7,500*, this is very straightforward. In HMRC Forms mode, on page UKP1, tick box 4 (If you are claiming rent a room relief and your rents...
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24 Mar, 2020
Views: 3798
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Do I need to report nursery or child care vouchers?
You need to report nursery or child care vouchers if: you don't receive them under the salary sacrifice scheme and you receive more than £55 of vouchers. If you receive your nursery or child care vouchers in exchange for salary under the salary sacrifice scheme, you don't need to disclose...
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02 Mar, 2018
Views: 3747
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How do I make a claim for Enterprise Investment Scheme deferral relief?
Deferral Relief allows you treat the gain as not arising until some future date, if you acquire EIS shares with the proceeds of a disposal of an asset. To claim for Enterprise Investment Scheme (EIS) deferral relief on an Individual tax return, you need to enter details of the asset under...
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03 Aug, 2023
Views: 3729
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Does TaxCalc calculate Private Residence Relief on Capital Gains Tax?
TaxCalc doesn't calculate Private Residence Relief (PRR) on Capital Gains Tax. You will have to do this manually. You can use the HMRC helpsheet on PRR (from page 6) and the HMRC website to help you with these calculations. If you have any queries on Capital Gains Tax and PRR call the HMRC...
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25 Feb, 2015
Views: 3511
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My P60 from employment is showing a negative tax deducted figure – where do I enter this?
In certain circumstances, your P60 may show a negative tax deducted figure. HMRC's online filing portal will only allow you to input this within the Employment pages if you have another employment in the year to offset the tax amount again. If you do have a second employment schedule, enter the...
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23 Aug, 2023
Views: 3448
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Entrepreneurs Relief changes from 11 March 2020
Entrepreneur’s Relief- disposals after 11 March 2020 What has changed? Whilst it was announced in the Budget 2020 that the lifetime allowance would be reduced from £10 million to £1million for disposals made on or after 11 March 2020, at the time of writing, there has been no legislative...
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24 May, 2023
Views: 3425
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Where do I enter overlap relief for self employment?
You can only claim overlap relief using the Full Self Employment pages. SimpleStep mode Click on Your Work. Select the Self Employment option. Click on Next step to continue to the Annualised turnover screen. Tick yes to the question Are any of the above true (or do you wish to complete the...
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27 Jul, 2020
Views: 3401
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How do I use excess pension contribution allowance carried forward from previous years?
TaxCalc automatically offsets your pension contribution allowance against your pension contributions for the current year. If contributions have been paid in excess of your annual pension allowance, you can utilise any unused allowance from the previous three years (starting with the oldest year)...
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21 Mar, 2024
Views: 3380
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