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...

How you report your self employment expenses depends on annual turnover. If turnover is £81,000 or more, you need to provide a breakdown of expenses. If turnover is less than £81,000 (or would be in a full year), you can report the net amount of allowable expenses as a single figure in the...

In previous years, if you were 65 or over, you may have qualified for an additional age-related allowance on top of your personal allowance. Unfortunately for 2016/17, there is no additional allowance which can be claimed. See the table below for figures for 2016–17 and previous tax years. ...

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. ...

Deferring payments on account during 2020 Individuals registered for self assessment, who will have difficulties paying the second payment on account due by 31 July 2020 due to the coronavirus, have the option to defer payment. HMRC have stated that they will not charge interest or penalties...

If you receive a provisional field validation message when there are no provisional fields, you need to un-mark the return as provisional. SimpleStep mode (SA100) Select Other Information from the left-hand menu. Un-tick the second box 'Any of the figures you have given are provisional or...

Enter any credit already on your HMRC account in SimpleStep or HMRC Forms mode. SimpleStep mode Go to Working out your tax > Payments on account. Enter the credit amount in the box Please also enter here any other payments or credits towards... HMRC Forms mode Go to Tax Details. ...

When you make a Gift Aid payment you have to state that you pay enough tax for the charity to claim back the basic rate of tax paid on the donated amount. If you pay the basic rate tax, you won't receive any tax relief. If you're a higher rate taxpayer, you'll receive additional tax relief...

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. This means that you will need to complete the Capital Gains Tax section in HMRC Forms mode...

Change of accounting date When there is a change of accounting date, the basis period for the tax year may differ from the accounting period, although this will depend on whether the accounting period has been shortened or lengthened. A shorter accounting period may mean that overlap profits will...

You'll usually have to make two payments on account for the current year's tax: One by 31 January in the current year. One by the following 31 July. Each payment is half of the tax due for the previous year. For example, for the tax year 2019-20 (6 April 2019 to 5 April 2020), the first...

If you can't import partnership profits to an individual return, make sure that the two are linked in the partnership return: Launch Practice Manager. Select partnership return. Right click; ​​​Open In> Tax Production> Open. Click on Add New Partner. Enter details for the new...

Deferring Class 4 NIC From 2015/16, you are no longer able to defer Class 4 NIC. HMRC have changed the rules and if you wish to find out further information, please visit the HMRC website: Defer your National Insurance. However, you may be able to claim a refund for previous tax years. If you...

Enter tax deducted for share schemes in the employment pages. Don't complete the share scheme box for taxable amounts that your employer has fully taxed. Normally these amounts are already included in your P60 (or P45 if you've left employment) and these are included in the employment pages. ...

HMRC publishes a series of toolkits to give guidance on areas where there are frequent errors in tax returns. These toolkits also set out steps you can take to reduce these errors. They are updated every year as required. The toolkits are available on the HMRC website (as PDFs) and cover the...