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Message from TaxCalc - Cannot replace the file (when printing/previewing or saving a PDF)
If you receive a message similar to the following when creating a PDF or previewing one, it means that there is an illegal character at the end of the client's name. The character(s) normally show as a space and are most often carriage returns caused by copying and pasting the name from...
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03 Jan, 2024
Views: 785
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#3314 Inconsistent duplicate fact values (Bus: NameEntityAuditors) when filing my corporation tax (CT600) return
If you encounter the below error message, it means that there is a discrepancy in the information presented in the iXBRL tagging of the accounts for the Auditors name. If you are using the TaxCalc application to generate your financial statements, you will need to review the Auditors...
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08 Nov, 2021
Views: 745
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Why is the loss figure on my return shown without brackets?
If your return has one box for profit and another for loss, the loss figure will appear without brackets. Brackets are only used to denote a negative figure when the same box is used for profit and loss.
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20 Aug, 2015
Views: 734
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How to enable notes on the corporation tax computation?
The corporation tax computation does not include certain sections of the calculation as a default. However, it is possible to manually include those sections if needed. To do this please follow the below steps; Click on Review Compuation on the left menu. Click on Edit Notes. Choose the note...
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21 Mar, 2019
Views: 726
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Failure: inconsistent duplicate facts "AmountsOwedToDirectors"
This error message will be presented when attempting to file a corporation tax return or a set of accounts online if you have multiple entries present in the financial statements for directors loan account (one appearing in the debtors note and one appearing in the creditors note). The easiest...
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31 Dec, 2018
Views: 655
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How does the CT600 calculate tax for a period that straddles 1 April 2023 with the 25% main rate change?
From 01/04/2023, HMRC have increased the main rate of corporation tax from 19% to 25%. The small profit rate of 19% remains for *companies with profits under £50,000. *Small profit rate is not available from 1 April 2023 for Close investment-holding companies Non-UK resident companies ...
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13 Mar, 2024
Views: 632
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CT600 Losses boxes - inconsistencies reported by HMRC
We have received correspondence from HMRC, as some of our customers also have, to alert us to the entries required in certain loss amount boxes within the CT600. The boxes affected are: 805/810 UK property business losses. 830/835 non-trading losses on intangible fixed assets. ...
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02 Nov, 2022
Views: 483
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How HMRC process CT600 refunds
If a CT600 return with a refund is processed without any bank account details, HMRC's system will process the repayment as a cheque. This is because their system does not store any bank account details previously entered (for example from other records, previous payments or previous submissions. ...
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15 Feb, 2018
Views: 479
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I cannot delete a CT600 return from TaxCalc
In certain instances, customers have reported that they are having difficulties in deleting a CT return from the TaxCalc application. This is specifically in instances where users are on the practice interface and use our Accounts Production module too. We are looking to input additional...
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22 Oct, 2020
Views: 460
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I can't save my return to my file system
If you can't save a return from the database to your own file system, it's usually because there's an extra space or spaces at the end of the company name (either within Practice Manager or on the tax return). To remove the space(s), follow these steps: In Practice Manager, double-click on...
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17 Oct, 2019
Views: 420
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Changes to the CT600 form to include the new Northern Ireland supplementary pages.
As you may or may not know, HMRC have incorporated changes to the CT600 to cater for the Northern Ireland Assembly setting a Northern Ireland rate of Corporation Tax to apply to certain trading income. These changes were made in preparation for the rate of tax changing in April 2018. This...
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29 Mar, 2023
Views: 414
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How do I sort data I've entered into a wizard?
If the wizard contains an underlined heading, you can sort data by that column: Click on the heading to sort the data alphabetically. Click on the heading again to sort the data in reverse order.
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15 May, 2015
Views: 410
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R&D Tax Relief Claims - additional forms required from August 2023 onwards
Information required by HMRC before submitting claims for all R&D tax relief 1. For accounting periods beginning on or after 1 April 2023, you should check if you need to submit a claim notification form to notify HMRC in advance of your claim. A claim notification form should be submitted...
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21 Sep, 2023
Views: 408
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How do I create a CT600 for an earlier period?
You can create a CT600 return in Practice Manager or Tax Return Production. Make sure you're using the latest version of TaxCalc and follow the instructions below. Practice Manager Open Practice Manager. Right-click on the client. Select Open in Tax Return Production. Click on New Return. ...
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04 Apr, 2023
Views: 402
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Full Expensing capital allowances available from 1 April 2023 until 31 March 2026
What are the new temporary capital allowances? From 1 April 2023 until 31 March 2026, companies, who are subject to corporation tax (CT), investing in qualifying, new plant and machinery assets will be able to claim: a 100% full expensing first year allowance (FYA) on qualifying plant and...
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10 Jul, 2023
Views: 369
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