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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: 4728
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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: 4617
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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: 4456
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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: 4441
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How do I pay tax due using my PAYE tax code
When can you pay tax owed through your PAYE code? You can pay your Self Assessment tax bill through your PAYE tax code, when all of the following apply: You owe less than £3,000 on your tax bill You already pay tax through PAYE, for example, you’re an employee or you get a company pension ...
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21 Mar, 2024
Views: 4358
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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: 4315
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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: 4299
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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: 4042
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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: 4012
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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: 4007
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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: 3997
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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: 3918
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How to use the annual pension allowance and contribution details wizard from 2023/24
When should I use the annual pension allowance wizard? If your total pension contributions are close to exceeding your annual pension allowance and/or your pension allowance is likely to be tapered, you can use the wizard to: Calculate excess contributions and possible pension tax charge Keep...
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21 Mar, 2024
Views: 3907
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Private Pensions, Lump Sums and 25% from drawn down pensions
Lump sum payments from a final salary pension are received free of tax and are not entered on the SA100 (individual tax) return. For any draw down payments that have a tax free element (25%), the taxable amount (75%) should be declared on the return as usual. If you are unsure where the pension...
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07 Jun, 2023
Views: 3848
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How do I add a new asset to the Capital Allowances grid?
To enter a new asset on the Capital Allowances grid, first go into the Capital Allowances wizard. SimpleStep mode SA100 – Your Work > Self Employment > Short/Full Form – Details > Capital Allowances SA800 – Trades or professions for (XXX) > Capital allowances for > CA...
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03 Aug, 2020
Views: 3773
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