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3321 – Out of Date or individually submitted DPL Taxonomy
HMRC implemented a change to the Corporation tax system on 11/12/17. This change relates to their system being unable to accept certain tagging standards for accounting periods starting after 31/12/2015. This is the tagging that is applied within the accounts and computations. This means that...
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13 Dec, 2017
Views: 281
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Why does my text in the 'Any other information' box keep disappearing?
If you enter text in the Any other information box and it disappears, this means that TaxCalc hasn't automatically saved it. TaxCalc automatically saves data every two minutes. However, for TaxCalc to register that you've made a change you need to click outside the box after you've entered text....
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03 Aug, 2020
Views: 278
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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: 271
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How do I view, modify or import old CT600 returns? (Business users)
If you want to open a CT600 return made in an earlier version of TaxCalc, first try to open the file in TaxCalc using File > Open. TaxCalc 2007 To view a return prepared in TaxCalc 2007, check that you have the final release of the software (version 7.10.08): Go to Help > About...
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03 Aug, 2020
Views: 264
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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: 262
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Error: My R185 won't print
If you receive an error message when you try to print an R185 it means that the SA900 software hasn't ticked the R185 box. To fix this, carry out the following steps: On the Navigation menu click Form R185 to open the type selection page. Tick the box appropriate for your type of R185. ...
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03 Feb, 2015
Views: 242
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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: 231
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HMRC Filing Exclusions and Special Cases 2019/20
HMRC Filing Exclusions 2019/20 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...
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06 Aug, 2020
Views: 230
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HMRC Exlusion 103 - income tax relief beneficial ordering when income above basic rate band
HMRC Filing Exclusion 103 will affect customers with non-savings and savings income of more than the basic rate band and there are reliefs and allowances of more than the basic rate band (usually £34,500). Some of the relief will be set against dividend income when it is more beneficial to set...
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11 Dec, 2019
Views: 226
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Why are the 'Tax Deducted' boxes on a Self Assessment return locked?
Before HMRC brought in new forms, you could enter the actual amounts for net, tax and gross income in boxes on your Self Assessment return. HMRC then used the actual tax deducted within the calculations. These boxes are now locked (and there's no way of unlocking them within the software)...
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03 Feb, 2015
Views: 198
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Exclusion 81 2017/18 :Top Slicing Relief
When an individual has a chargeable event gain in a year, Top Slicing Relief (TSR) is applied to the gain. TSR requires two calculations: The individual's liability to income tax on chargeable event gains arising in the year The individual's liability on the annual equivalent (gain divided by...
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11 Dec, 2019
Views: 190
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What penalty will I pay if I miss the filing deadline?
The online filing deadline is 31 January. Registration can take between seven and 10 days, so make sure you register early to allow yourself plenty of time to file. If you file your return after the deadline, HMRC will charge you a £100 penalty. You’ll have to pay this even if: your return...
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18 Mar, 2016
Views: 190
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1046 Authentication error when filing since June 2020
If you are receiving a 1046 HMRC authentication error when trying to file an individual (SA100), partnership (SA800), trust (SA900), corporation tax (CT600) or non MTD VAT return and you fall into either of the following categories, you may need to take action. You’ve recently changed your...
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08 Jul, 2020
Views: 189
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Why am i not receiving basic rate relief for finance costs?
The HMRC guidance document confirms the below have to be applicable for the relief to be available: Individuals will be able to claim a basic rate tax reduction from their Income Tax liability on the portion of finance costs not deducted in calculating the profit. In practice this tax reduction...
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05 Dec, 2018
Views: 187
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Why can I not access the short form on the 2015 Corporation Tax return?
HMRC have issued an updated copy of the Corporation Tax return (version 3) for any corporation tax returns which start on or after 1 April 2015. The new version of the tax return does not include the option for a short form. Instead it includes a CT600 core form and therefore all entries are...
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01 Jul, 2016
Views: 187
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