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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...
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03 Aug, 2020
Views: 1670
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How do I offset current year trading losses against other profits or chargeable gains on a CT600?
To offset current year trading losses against other profits or chargeable gains on a CT600, follow these steps: Go to the Trading Losses Record page: HMRC Forms mode – go to CT600 > Computations > Trading Losses Record SimpleStep mode – go to CT600 > Trade and Professional...
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24 Mar, 2020
Views: 1625
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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...
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02 Mar, 2018
Views: 1591
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Which self employment form should I complete?
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...
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28 Dec, 2018
Views: 1473
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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...
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02 Mar, 2018
Views: 1451
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Why hasn't my return been updated on the HMRC website?
It usually takes 48 hours for HMRC to update its website after you file a return using TaxCalc. If you log into the HMRC website after this time, it will say that the return has been filed. If it hasn't been updated after 48 hours, call HMRC helpdesk on 0300 200 3600 and give them your IR Mark,...
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11 Dec, 2015
Views: 1422
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Age-related allowance
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. ...
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29 Mar, 2017
Views: 1380
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Do I need to break down my self employment expenses?
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...
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02 Mar, 2018
Views: 1363
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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: Go to the Check & Finish screen. Click on What If? Enter the income figures: Click on Use 2019/20 Values and use Add/Edit for each section to adjust the figures – if the information is...
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04 Aug, 2020
Views: 1333
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Can I use Dropbox or other file hosting services to store and share my data? (Practice users)
If you use a stand-alone machine, we recommend that you store your data on the default local database to ensure that all data is stored centrally and securely. However, if you want to share data in a cloud or hosted environment such as Dropbox, you can store data in individual files as with...
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09 Jan, 2017
Views: 1309
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Deferring payments on account due 31 July 2020 due to COVID-19
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...
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15 Jun, 2020
Views: 1299
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How do I remove duplicate returns linking to same file (Individual, Partnership and Limited Company users)?
Sometimes more than one tax return can link to the same file if the file location appears to be different but is effectively the same – for example, one file name has capitals and the other doesn’t. If this happens, although it looks like there are two returns, they both link to the same file....
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15 May, 2015
Views: 1276
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Class 2 when Self Employment / Partnership ceased or started part way through the year
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. ...
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22 Sep, 2017
Views: 1265
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What do I do if a provisional field validation message appears but there are no provisional fields?
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...
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24 Mar, 2020
Views: 1258
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What are the benefits of pre-ordering TaxCalc (Individual and Business users)?
If you're an Individual or Business customer, you can pre-order TaxCalc approximately 30 days before the update is released in late March. The benefits of pre-ordering TaxCalc are as follows: No extra cost. Avoid the Sales team at their busiest time. First to be notified of the release. ...
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21 Mar, 2019
Views: 1220
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