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Why am I getting a 1047 error message?
TaxCalc's recent software release includes an update required by HMRC to ensure compliance with their requirements for Tax Return and VAT Return submissions. From 1 May 2019, any Tax or VAT Returns that you try to submit using an older version of our software will fail, with a "1047 error" message...
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29 Apr, 2019
Views: 99
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HMRC Filing error CAL15
If you have entered an amount in box 15, Decrease in tax due because of adjustments to an earlier year, of the Tax Calculation pages (TC2) where a refund is due because of an adjustment to an earlier year, you may receive a 'CAL15' error when trying to submit your tax return to HMRC. This is due...
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11 Dec, 2019
Views: 91
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How to register for online filing to HMRC as a Non Resident.
If you are a non-resident, you will be unable to register for online filing in the normal way as HMRC require you to have a National Insurance number (NINO) or a Unique Tax Reference (UTR) already. If you do not have either, you will need to contact them further but our customers previously have...
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24 Mar, 2020
Views: 86
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New Data Mining & Reporting Criteria for Self-employed & Partnership Income
New Data Mining & Reporting Criteria for Self-employed & Partnership Income To assist with the new COVID-19 Self-Employment Income Support Scheme we have updated the software to include the following additional criteria for use with data mining and reporting for the tax years 2016/17,...
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14 May, 2020
Views: 77
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Scottish Taxpayer Pension Charge -HMRC Special Case 33
HMRC have identified an issue whereby the Annual Allowance (pension) Charge calculated, is not always correct for Scottish rate taxpayers. The calculation is not correct for Scottish rate taxpayers where the tax charged should be at the Scottish intermediate rate (21%-2018/19)) rather than the...
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11 Dec, 2019
Views: 69
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Is TaxCalc approved by HMRC for filing?
Yes, TaxCalc is approved by HMRC including the following. Please note we will be listed as Acorah Software Products Ltd (TaxCalc). Self Assessment commercial software Making Tax Digital for VAT
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01 Aug, 2019
Views: 68
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Error message: Cannot replace the file (when printing a CT600)
If you receive this error message when trying to print a CT600, 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 the...
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17 Oct, 2019
Views: 68
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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...
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12 Oct, 2020
Views: 59
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Accrued Income Scheme - entering negative losses
If you have received losses from the Accrued Income Scheme and deeply discounted securities, unfortunately, according to HMRC Exclusion 4 a negative amount cannot be entered into box 2 of the Lloyds Pages (LU1), in SimpleStep mode, Profits from Accrued Income Scheme and deeply discounted...
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11 Dec, 2019
Views: 56
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Making sure a paper return is counted correctly as being filed in TaxCalc
Customers report that if they change the filing status (Set work status > Set Tax Work Status) this does not update the Tax File counters as being submitted, leaving the Tax Returns filed as being incorrect. In order to make sure the Tax Returns filed counter reflects both the returns filed...
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27 Sep, 2019
Views: 54
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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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04 Jun, 2020
Views: 51
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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: 28
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Data Mining and Reporting Criteria – Life Policy Gains & Adjusted Total Income
We have introduced new data mining and reporting criteria for life policy gains and ‘Adjusted Total Income’. This could be of particular interest to our users who have clients who may have surrendered gains on life policies which have resulted in their income exceeding £100,000 (Silver v HMRC...
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04 Jun, 2020
Views: 20
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How to reflect Goodwill relief on the Corporation Tax Return?
HMRC have recently amended the rules (01/04/2019) on instances where profit can be reduced by claiming corporation tax relief on goodwill and relevant assets. We would recommend reading the HMRC guidance further on this particular topic to ensure you understand this fully before any entries are...
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02 Nov, 2020
Views: 18
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Capital Gains Tax (CGT) on HMRC Forms
Please see the following instructions on how to complete the Capital Gains Tax (CGT) pages on HMRC Forms Go to Capital Gains > Do you want to complete the Capital Gains page? ‘Yes’ > Do you wish to use Forms Mode? ‘Yes’ HMRC Forms mode is a form filling exercise where you...
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25 Nov, 2020
Views: 13
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