Knowledge Base - SA100 Individual Return

SA100 Individual Return

	How to defer class 4 NIC? 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...
	05 Apr, 2023 Views: 1466

	Where do I enter an averaging adjustment? To enter an averaging adjustment you need to go into the Full Self Employment pages. SimpleStep mode Go to Your Work > Self Employment > Annualised turnover. Tick the bottom box for Are any of the above true (or do you wish to complete the Full form for any other reason)? Click Next...
	22 May, 2023 Views: 1437

	Where do I enter tax deducted for share schemes? 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. ...
	13 Jul, 2015 Views: 1414

	Capital Gains Tax (CGT) on HMRC Forms Please see the following instructions on how to complete the Capital Gains Tax (CGT) pages on HMRC Forms Go to Capital Gains > Do you want to complete the Capital Gains page? ‘Yes’ > Do you wish to use Forms Mode? ‘Yes’ HMRC Forms mode is a form filling exercise where you...
	04 Apr, 2023 Views: 1356

	HMRC Filing Exclusions and Special Cases 2022/23 HMRC Filing Exclusions 2022/23 Exclusions have arisen due to the previous introduction of additional allowances and bands for certain types of income, making the calculation of the tax liability more complex. HMRC systems expect our software to match their method of calculation in order for the...
	30 Nov, 2023 Views: 1346

	What is a 5093 Invalid authentication type error? When you receive the 5093 error message, this is because the UTR details entered when attempting to file are incorrect, or they do not match what HMRC are expecting. This message is sent directly from HMRC as the portal does not recognise the UTR for the chosen service. This error is common...
	09 Jun, 2021 Views: 1339

	Why don’t I have to make payments on account? You don't need to make payments on account (POA) towards the next tax year if: The total tax due (less Class 2 NIC payment) for this year is under £1,000 Or More than 80% of the tax due is met by income tax deducted at source. Illustrated Example for point 1: POA are not due when the...
	02 Mar, 2018 Views: 1324

	Difference between tax relief on Pension Contribution and Annual allowance If you receive an error message in regard to pension contributions, and you have made pension contributions to use up your annual allowance, the difference can usually be explained. Tax relief on pension contributions Tax relief on pension contributions is restricted to £3,600 or net...
	02 Aug, 2023 Views: 1287

	CGT for non residents Please see the following instructions below on how to complete the Capital Gains Tax (CGT) pages for a non-resident. The calculations completed on the return (and for capital gains tax) are not affected by the entries within the residence and remittance pages. Therefore if you know that the gain...
	05 Apr, 2023 Views: 1281

	How do I use the Annual pension allowance details wizard for defined benefit schemes How do I use the Annual Pension Allowance details wizard for defined benefit schemes? Whilst our wizard refers to terminology for defined contribution pension schemes, it can be used to determine the annual allowance and any resulting pension tax charge for defined benefit schemes (also known as...
	21 Mar, 2024 Views: 1240

	HMRC toolkits to help reduce errors in tax returns 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...
	17 Jun, 2016 Views: 1225

	Information about the Trading/Property allowance Trading and Property allowance came into effect in the 2017/18 tax year. This effectively means that if your income (before expenses) is less than the £1,000 value, you will no longer have to declare or pay tax on this income. HMRC have published information on their website surrounding the tax...
	09 Mar, 2023 Views: 1213

	Dividend Database, useful information The links to various articles below will assist in using the Dividend Database Dividend splits and reverse splits will change share holdings in a company. The ‘Useful Information’ articles below clarify how to address this in the dividend wizard. As well as containing other information for...
	27 Jun, 2024 Views: 1212

	Does TaxCalc cater for foreign residency or Dual Tax pages? Yes, TaxCalc caters for foreign and dual residency pages. The residence and remittance pages have wizards which help you fill the criteria while calculating your tax, so you always know how much you need to pay or are owed. You can calculate your personal allowances by virtue of Double Taxation...
	29 Mar, 2022 Views: 1205

	Where do I find the Capital Gains Tax summaries? If you've completed the Capital Gains Tax pages in SimpleStep mode, the appropriate disposal, intermediate and final calculations will be in a pdf that's automatically attached to the return. You can view and print all your disposals and the intermediate and final summaries by following these...
	02 Mar, 2018 Views: 1203