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How do I enter multiple entries for Capital Gains Tax on my SA900 return?
To enter multiple entries for Capital Gains Tax on your SA900 return, follow these steps: Go to Page 1. Enter the figures for gains and losses. If you have different types of disposal, column AA, type Q,U,L,O you may need to split further. Add a further page if you have lots of types of...
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03 Aug, 2020
Views: 714
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Why aren't the IRmark and time stamp appearing when I print a tax return?
If the IRmark and time stamp are on the pdf preview but don't appear when you print your return, check your printer settings: Go to the heading Page Sizing & Handling. Click on Fit. Click on Fit to printable area or Shrink to fit (or similar). Print document. The IRmark and time stamp...
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18 May, 2015
Views: 713
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How do I calculate payments on account when there is Marriage Allowance?
HMRC are changing the calculation of payments on account when there is a Marriage Allowance transfer. Currently their SA110 notes suggest that payments on account should be calculated on the tax due amount, before applying the Marriage Allowance. The correct process is explained in the below...
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23 Apr, 2018
Views: 711
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How do I apply the Scottish tax rate to my return and what impact does this have?
When using TaxCalc, the tax return should automatically have the tax rate applied based on the postcode of the address on the return. Therefore the return will automatically apply the Scottish rate if there is a Scottish postcode. If this doesn't happen, please ensure that you are running the...
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24 Mar, 2020
Views: 707
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Why is the interest amount on the SA302 summary different from the amount entered on the return?
The interest on the SA302 summary will be different from the interest on the return because the SA302 shows the gross amount received (before tax has been deducted) and the return shows the net amount (after tax has been deducted). The amount on the SA302 summary is calculated by taking the net...
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25 Feb, 2015
Views: 676
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Can I still use separate credentials for each client when filing online?
You can still use separate filing credentials when filing online. You'll have two options when you file the return: Manually type in the credentials that you use to log into the HMRC website – this can be any user ID and password that's registered to file online for this Unique Taxpayer...
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19 Nov, 2015
Views: 673
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Importing a Tax Return stored as a file into the Database
Tax Returns can be stored outside of the database, but on occasion you may wish to import them into the database. This has the advantage of not being reliant on the machine you are using and being able to see the tax return file location, as the data is stored in the database, it is always...
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23 Oct, 2019
Views: 672
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Which box does my mileage figure post to in the wizard?
There are two possible sections in TaxCalc where you can enter the mileage figure. To enter the mileage figure in TaxCalc please refer to one of the two locations below. SimpleStep mode: Your Work > Employment > Fringe Benefits > Vouchers, credit cards and excess mileage allowance >...
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24 Mar, 2020
Views: 644
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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: 635
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Where do I find box 5.6B (amount chargeable on the settlor) on the Capital Gains pages?
Box 5.6B has been removed from the Capital Gains pages. This is because gains arising to settlor-interested trusts are now chargeable on the trustees. You can read more about this on the HMRC website (scroll down to SA905 – Capital Gains pages).
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02 Mar, 2018
Views: 612
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Restricted Finance Costs from Property Income
Restricted Finance Costs from Property Income From 6 April 2017, new rules were introduced to restrict deductions from property income for finance costs for residential properties for individuals . The measure was introduced is to restrict relief for finance costs to the basic rate of income tax...
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24 Mar, 2020
Views: 586
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Where will I find my invoice?
When you bought the software, TaxCalc automatically sent confirmation of payment to your registered email address. If you'd like a copy of your VAT invoice, follow these steps: Go to the TaxCalc website. Click on Log in and enter your email address and password – if you can't remember your...
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03 Aug, 2020
Views: 574
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Do I need to enter an acquisition date for my return?
You do need to enter an acquisition date for an SA900 but not for an SA100. SA900 If you don't enter a date of acquisition on an SA900, online submission will fail. You can enter either the actual or approximate date, as the date is no longer relevant to the calculation of chargeable gains. ...
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02 Mar, 2018
Views: 573
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You have attached iXBRL Accounts to this return but there appears to be one or more areas where the content is 'malformed' (not correct)
If you receive this error message it means that either the downloaded file is corrupt or it contains special characters that HMRC's systems can't read. Corrupt file If you opened the downloaded file then used File > Save As, it might be corrupt. The correct way to save a downloaded file...
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31 Mar, 2017
Views: 562
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Change of Guidance in Calculation of Losses Deductions Cap
In 2016 a news story came about concerning a specific situation in tax that affected both HMRC systems and third party software such as TaxCalc that resulted in an incorrect calculation of tax. The situation required the following specific circumstances: Losses needed to be brought forward...
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15 Sep, 2017
Views: 543
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