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Known issues in the latest released version of TaxCalc
Below is a list of notable issues that have been reported in recent versions of TaxCalc since their release. Other issues may exist that have not yet been confirmed or investigated, or are trivial/cosmetic. This should be read in conjunction with our article How are software enhancements and...
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01 Apr, 2025
Views: 39279
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TaxCalc Release Notes 2025
Below are the Release Notes for TaxCalc 2025 releases. Click to see the Release Notes for 2013-2016 > 2017 > 2018 > 2019 > 2020 > 2021 > 2022 > 2023 > 2024 Please note we phase releases out so you may not see this available straight away. TaxCalc Product Update - version...
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01 Apr, 2025
Views: 179861
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How do I resubmit a return or file an amended return?
If, after making a successful submission, you need to make changes and file an amended return. Please see the video tutorial for a walk through of the process. Alternatively, please follow these written steps: Make your corrections. Click on Check & Finish. Check and review your...
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25 Mar, 2025
Views: 69826
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When do I make payments on account?
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 2024-25 (6 April 2024 to 5 April 2025), the first...
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25 Mar, 2025
Views: 2031
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Moving TaxCalc to a new computer (Individual, Partnership and Limited Company users)
On the Old PC Before starting you should know the location of the data files. Start the TaxCalc program and select a file within an appropriate year. The file location will be shown in the ‘File Info’ at the bottom of the screen. In the example shown above, the...
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25 Mar, 2025
Views: 44807
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What information will I receive when using Fetch Taxpayer Data (HMRC Self Assessment APIs)?
HMRC has provided a method of sending information relevant to the completion of a Tax Return called Application Program Interfaces or APIs. This is the first part of their overall Digital transformation project known as Making Tax Digital. This allows TaxCalc to request information held by HMRC...
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25 Mar, 2025
Views: 5618
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Basis Period Transition for Partners in 2023/24
From tax year 2024-25 onwards, individuals that are partners in partnerships will be taxed on their share of profits from the partnership that arise in the tax year that runs from 6 April to the following 5 April (the tax year basis). This replaces the previous current year basis of taxation,...
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25 Mar, 2025
Views: 7549
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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...
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25 Mar, 2025
Views: 1515
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Enterprise Investment Scheme share disposals - How to record the sale and claim disposal relief or share loss relief
If you have disposed of Enterprise Investment Scheme shares in 2024/25 , you should complete the capital gains summary pages and attach your calculations if: your total sales proceeds from all assets were worth more than £50,000 your chargeable gains before taking off any losses were...
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25 Mar, 2025
Views: 18431
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How do I offset Capital (CGT) losses?
Any unused Capital Gains Tax losses from previous years that are carried forward have to be used against the first available capital gains. This means that you can reduce your capital gains to the yearly allowance amount (£3,000 in 2024-25) and carry forward the remaining losses. TaxCalc does...
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25 Mar, 2025
Views: 22051
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How to use the annual pension allowance and contribution details wizard from 2024/25
When should I use the annual pension allowance wizard? If your total pension contributions are close to exceeding your annual pension allowance and/or your pension allowance is likely to be tapered, you can use the wizard to: Calculate excess contributions and possible pension tax charge Keep...
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25 Mar, 2025
Views: 4754
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Where do I enter Coronavirus other support grants on a SA100 and SA800
To declare CJRS (Coronavirus Job Retention Scheme) claimed through HMRC, and other grants provided by local government to support businesses through the Coronavirus pandemic please refer to the below instructions on where to declare this. Please note, SEISS grants reference has been removed from...
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25 Mar, 2025
Views: 2289
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How do I offset losses against profits (and also reduce Class 4 NIC)?
Set off Against other income You can offset losses against a profit to reduce tax paid. To do this enter the loss amount (which must not be greater than other profit) in the loss schedule in the following places: SimpleStep Your work > Self Employment > Full Form - Details > Losses...
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25 Mar, 2025
Views: 6861
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How do I pay tax due using my PAYE tax code
When can you pay tax owed through your PAYE code? You can pay your Self Assessment tax bill through your PAYE tax code, when all of the following apply: You owe less than £3,000 on your tax bill You already pay tax through PAYE, for example, you’re an employee or you get a company pension ...
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25 Mar, 2025
Views: 5757
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All you need to know about Student and Postgraduate Loan repayments
By clicking on the below links, it will take you directly to that section of the article: #Student Loan calculation summary now shown in TaxCalc: #Multiple Plans - combination of Plan 1, 2 & 4 #Introduction of Plan 4 for Scottish students (from April 2021): #SLC online service for SL and...
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25 Mar, 2025
Views: 13854
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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,...
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25 Mar, 2025
Views: 3335
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HMRC Fetch API - Taxpayer data not found. Error: 404
Please note this article is specifically referring to the SA100 fetch facility. If you are receiving the error 404 for VAT submissions, please see the link for Common MTD VAT errors This error is returned when the information for a specific taxpayer and for a specific year is not available. This...
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25 Mar, 2025
Views: 12881
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How to use the Pension Input Wizard 2024/25
When should I use the annual pension allowance wizard? If your total pension contributions are close to exceeding your annual pension allowance and/or your pension allowance is likely to be tapered, you can use the wizard to: Calculate excess contributions and possible pension tax charge Keep...
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25 Mar, 2025
Views: 5761
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Can I file a paper return using TaxCalc?
If you want to file a paper return, you can print your return using TaxCalc and then send this by post. PLEASE NOTE: When you print the return, you must ensure that you print the return in greyscale or colour. Black and white returns will be rejected. The paper return deadline is 31 October 2025...
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25 Mar, 2025
Views: 16129
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I cannot open my TaxCalc file(s)
If you try to open a TaxCalc return and it will not open, the most likely reason is that the return was created on a different machine. Please locate the return file in the machine where it was created in the Documents folder searching for .tcs as the file extension. Save the file to a memory...
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25 Mar, 2025
Views: 2852
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When can I use the Dividend Database or What If? Planner?
The What If planner and Dividend Database are add on modules to your existing tax packages. Each year, the software is updated in June to contain the updated details required. Between April and June, TaxCalc are in communication with HMRC and are finalising the information that we have before...
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25 Mar, 2025
Views: 5833
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How do I use the What If? Planner?
You can use the What If? Planner to forecast next year’s tax liability by following these steps: Open the SA100 tax return in question Go to Check & Finish. Click on What If? Planner Enter the income figures: Click on Use 2024/25 Values and use Add/Edit for each section to adjust...
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25 Mar, 2025
Views: 3047
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How do I increase/decrease my payments on account towards the following tax year?
You can't increase payments on account towards the following tax year – you can only reduce them. You can choose to pay more on account, but HMRC will only ask for the payment on account calculated in your statement. To reduce payments on account, please follow the below instructions: HMRC...
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25 Mar, 2025
Views: 19759
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Moving older versions of TaxCalc to a new PC (Individual customers)
On occasion you may find that you need to move older versions of TaxCalc (pre-2013) to a new computer. If you purchased the older versions, you can still download and run these versions. Firstly, download and install the required program to the new computer from our website. On the new...
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25 Mar, 2025
Views: 3760
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How do I claim relief for Research and Development from 1 April 2025?
Merged Research and Development Expenditure Credit (RDEC) scheme from 1 April 2025 For Corporation tax accounting periods beginning on or after 1 April 2025, a new merged Research and Development Expenditure Credit (RDEC) scheme is available for eligible trading companies within the charge to UK...
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25 Mar, 2025
Views: 1441
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