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SA100 Individual Return
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 there's an excess, you can bring forward any unused allowance from the previous three years (starting with the oldest year) and offset this against the excess. For...
rating 24 Mar, 2020 Views: 2093
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...
rating 03 Aug, 2020 Views: 2032
Class 2 National Insurance -why do amounts submitted differ to HMRC calculations?
Why have HMRC repaid or revised Class 2 NICs calculations which were submitted on my tax return? It has come to light that there have been instances where the Class 2 NICs amount has been unexpectedly repaid or HMRC have issued a revised assessment showing no Class 2 NIC's due. This occurs when...
rating 13 Jan, 2021 Views: 2014
Claiming Married Couples Allowance
Married Couples Allowance (MCA) is an age related allowance applicable if at least one spouse is born before 6th April 1935. It could reduce your tax bill by between £322 and £835.50 a year. You can claim Married Couple’s Allowance if all of the following criteria apply: you’re...
rating 20 Feb, 2020 Views: 1952
How do I fix problems with print preview in TaxCalc?
If you're having problems with print preview, follow these steps to reinstall Adobe Acrobat Reader: Uninstall the program: Start > Control Panel > Uninstall a program Uninstall any instances of Adobe Reader Reboot your PC. Go to the Adobe website for the latest version of...
rating 13 Mar, 2017 Views: 1945
Why can't I print PDF attachments?
TaxCalc can only print PDFs created using versions 1.4 to 1.7. To check the version of your PDF, complete the following steps: Open the PDF document. Click on File in the left-hand corner. Click on Properties. Check the version number in the pop-up window. If you can't print the PDF,...
rating 17 Feb, 2021 Views: 1914
Can I submit the SA200 short tax return in TaxCalc?
You can't submit the SA200 short tax return in TaxCalc but you can use the longer SA100 tax return. You can file an SA100 either: on paper by 31 October or online by 31 January. TaxCalc will calculate any liability or repayment due, saving you time and ensuring you are aware of any...
rating 02 Mar, 2018 Views: 1873
Worked example of basis period for 2017 and previous years.
The basis period is the time period that HMRC uses for tax. If the accounting year end doesn't match HMRC's tax year end, these periods can be different and cause profits to be taxed twice (overlap profits). This is an example of a business that started trading on 1 November 2013 and prepares...
rating 21 Mar, 2019 Views: 1847
Difference between Married Couples Allowance and the Marriage Allowance Transfer
Married Couples Allowance Applicable if you or your partner were born before 6 April 1935. Marriage Allowance Transfer Applicable if you or your partner were born on or after 6 April 1935. To find out more, please click on the applicable link: Claiming Marriage Allowance Claiming...
rating 08 Mar, 2018 Views: 1842
How do I record the sale of EIS shares on my self assessment tax return?
How you record the sale of EIS shares depends on whether or not it is exempt from capital gains tax, as follows: Exempt – if the shares have been held for more than three years and income tax relief was claimed on the subscription. Not exempt – if the gain was previously deferred. To...
rating 21 Sep, 2015 Views: 1791
Why am I not receiving tax relief for my pension contributions?
You'll only see tax relief for your pension contributions if you pay tax at the higher rate. You make pension contributions net of basic tax. If you are a basic rate taxpayer, you receive tax relief in the form of HMRC topping up your payment by 20%. You get the tax relief automatically if...
rating 20 Aug, 2019 Views: 1787
How do I claim reinvestment relief for SEIS shares?
For comprehensive information on the Seed Enterprise Investment Scheme (SEIS), including when you can claim relief, read HMRC guidance: Seed Enterprise Investment Scheme – Income Tax and Capital Gains Tax reliefs. To claim reinvestment relief for SEIS shares you'll need to complete the claim...
rating 07 Feb, 2020 Views: 1746
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. Click on Next Step in the HMRC warning message (if applicable). Un-tick Would you like to add a watermark? (towards the bottom...
rating 03 Aug, 2020 Views: 1744
My P60 from employment is showing a negative tax deducted figure – where do I enter this?
If your P60 is showing a negative tax deducted figure, where you enter this depends on whether it relates to tax deducted during employment or after employment has ended: During employment (usually through a PAYE code) – enter the employment as normal on the employment pages and enter the...
rating 02 Mar, 2018 Views: 1633
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...
rating 02 Mar, 2018 Views: 1563

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