Knowledge Base - SA100 Individual Return

SA100 Individual Return

	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...
	23 Aug, 2023 Views: 4507

	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...
	15 Jun, 2016 Views: 4497

	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...
	30 Oct, 2018 Views: 4421

	How do I enter multiple share trading transactions I have from a broker? Unfortunately, TaxCalc cannot deal with transactions where you have purchased shares at different prices at different times (including the 30 days, bed and breakfast etc.) also known as Section 104 holding. When entering the information relating to Capital Gains Tax, there are 2 approaches you can...
	21 Mar, 2019 Views: 4285

	How to claim EIS/SEIS/VCT Relief When claiming relief under EIS, SEIS and VCTs, there are two types of relief available: Income tax relief Capital gains tax relief Depending on which you intend to claim, will depend on where the entries are required for disclosure on the return. If you intend to claim income tax relief,...
	25 Mar, 2025 Views: 4222

	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)...
	21 Mar, 2024 Views: 4205

	Do I need to break down my self employment expenses? How you report your self employment expenses depends on annual turnover. If turnover is £85,000 or more, you need to provide a breakdown of expenses. If turnover is less than £85,000 (or would be in a full year), you can report the net amount of allowable expenses as a single figure in the...
	29 Mar, 2022 Views: 4194

	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...
	02 Mar, 2018 Views: 4175

	You must enter the Type of Capital Allowances / Purchase Date If you receive either of these error messages when you click on Check & Finish, it means that there's an empty asset somewhere within the Capital Allowance wizard. To correct this you will need to go into the Capital Allowance wizard in SimpleStep mode and remove the empty asset. Further...
	28 Mar, 2022 Views: 4148

	Capital Gains Tax refunds - how to receive a timely refund Why does TaxCalc not provide information on Capital Gains Tax (CGT) paid? The reporting process for real time Capital Gains is something that software developers have not been given access to by HMRC so we cannot provide a link to this information via the Tax Return Production process in TaxCalc....
	08 Sep, 2022 Views: 4135

	How do I remove the watermark when printing a return? If you want to remove a watermark from a tax return, you'll need to amend the printing preferences: Open the tax return. Click on Check and Finish. Click on Print or paper file return. Click on Next Step in the HMRC warning message (if applicable). Un-tick Would you like to add a watermark?...
	29 Mar, 2022 Views: 4131

	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...
	25 Feb, 2015 Views: 3842

	Which self employment form should I complete? There are two versions of the Self Employment pages of the tax return – the short and the full form. The short form is a simplified version of the full form with fewer entry boxes. You must use the full form if any of the below statements are true: turnover is more than £85,000 (or would...
	09 Mar, 2023 Views: 3832

	How do I unlock my return? Your return is locked if: all fields in TaxCalc are filled in yellow a no-entry symbol appears when you hover over the fields with your mouse you can't enter data into the fields. To unlock the return, follow these steps: Click on File from the top menu. Remove the tick next to Lock...
	02 Mar, 2018 Views: 3689

	Class 2 when Self Employment / Partnership ceased or started part way through the year If the Lloyds / Self-Employment / Partnership started trading in the middle of the tax year or ceased trading part way through the tax year, please complete the applicable entries listed below. Using SimpleStep mode: Go to Working out your tax > Class 2 & Class 4 NICs maximum charge. ...
	07 Jun, 2023 Views: 3680