Knowledge Base - SA100 Individual Return

SA100 Individual Return

	How much tax will I pay on my state pension lump sum? Please note: that State Pension Lump sums are only available to persons that reached state retirement age before 6/4/16 Your state pension lump sum is taxed at the highest rate charged on other income received in the year. For example, if the highest rate of tax you pay is 20%, you'll pay 20%...
	26 Sep, 2019 Views: 16220

	How do I complete a return for a foster carer? Use HMRC Forms mode to complete a tax return for a foster carer. Refer to the HMRC helpsheet on foster carers to guide you through the tax return as it gives useful scenarios and advice on calculating tax liability. Instructions on completing the self employment pages are on page 2 of this...
	03 Aug, 2020 Views: 15761

	"Can't open this file. There's a problem with the file format" when trying to print preview in TaxCalc using Windows 8/8.1 You might get the following error message instead of a pdf preview window when printing from TaxCalc using Windows 8 or 8.1: Can't Open this file. There's a problem with the file format This could be caused by one of two issues: Adobe Reader isn't installed. Adobe Reader isn't the latest...
	28 Oct, 2015 Views: 15195

	Who is considered a connected persons in Capital Gains? In Capital Gains, a connected person is: your husband or wife or civil partner (but see the notes on page CGN 5 of HMRC's Capital Gains Summary Notes on transfers of assets between husbands and wives and civil partners) your brothers and sisters, and your spouse’s or civil partner’s...
	18 Mar, 2016 Views: 14207

	How do I make a claim for Enterprise Investment Scheme disposal relief? You can make a claim for Enterprise Investment Scheme disposal relief in SimpleStep mode: Go to the Capital Gains section. Go to the Asset Details screen and enter the details. Tick the box Tick box if you are claiming Entrepreneur's Relief or any other reliefs or elections for this asset...
	04 Aug, 2020 Views: 12649

	Claiming Marriage Allowance Making a Claim What to do if you cannot claim When trying to check my status or eligibility, a response of invalid or taxpayer not found is given Making a Claim For 2019/20 the Marriage Allowance lets you transfer £1,250 of your personal allowance to your spouse or civil partner, in order to...
	24 Mar, 2020 Views: 12223

	What's the difference between personal allowance and Class 4 NIC rates? Your Class 4 National Insurance contributions (NIC) for any tax year are based on your profits for that year. For 2019 - 20 you pay: 9% on annual profits between £8,632 and £50,000 2% on any profit over £50,000 You pay additional contributions on the difference between your personal...
	28 Jul, 2020 Views: 12069

	When will TaxCalc 2020 be available? TaxCalc 2020 is now available. After payment is made, you can update your software as required. Individual, Partnership and Limited Company customers If you are a new customer or you have moved computers, you should download the new software at the time of release. Customers with existing...
	07 Aug, 2020 Views: 11111

	Where do I enter interest received from payment protection insurance (PPI)? To declare interest received from payment protection insurance (PPI), go to the Any Other UK interest section of the tax return. SimpleStep mode Go to Other income > Savings and investments > Any other UK interest. Enter the relevant information in the boxes. HMRC Forms mode Go to...
	05 Nov, 2020 Views: 11083

	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 2020...
	24 Mar, 2020 Views: 10871

	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...
	20 Feb, 2020 Views: 10721

	Where do I enter Jobseekers Allowance on the return? To enter Jobseekers Allowance, go to the Jobseekers Allowance screen in SimpleStep or HMRC Forms. SimpleStep mode Select Pension income and benefits from the left-hand menu. Tick the box Jobseekers Allowance. Click Next Step to go to the Jobseekers Allowance screen. HMRC Forms mode ...
	20 Feb, 2020 Views: 9915

	How do I offset furnished holiday letting losses against other income? You can no longer offset furnished holiday letting losses against other income. This change came into effect from the tax year ending 5 April 2012. You can only offset furnished holiday letting losses against future profits from the same property. For further information read 'What you can do...
	22 Sep, 2017 Views: 9565

	How to use HMRC Self assessment APIs for practice What are APIs? HMRC have provided a method of obtaining 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. Not a practice? The following...
	19 Mar, 2020 Views: 7740

	Where do I enter chargeable event or life insurance gains? You can enter chargeable event and life insurance gains in SimpleStep or HMRC Forms mode. SimpleStep mode Select Other Income from the left-hand menu. Go to Savings and Investments. Tick the box Taxable sums from a UK life insurance policy (chargeable events). Click on Next step. Enter the...
	24 Mar, 2020 Views: 7707