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Where do I report foreign earnings not taxable in the UK?
You don't usually have to declare foreign earnings that aren't taxable in the UK on the tax return. But if you do want to declare these earnings, follow the instructions below. SimpleStep mode Go to Residence and remittance > Dual Residence. Complete the wizard for the relevant tax...
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24 Mar, 2020
Views: 3811
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I've received a letter from HMRC stating that I've submitted an amended return but no original has been received – what do I do?
An online amendment would've been sent to HMRC if the Amended box was ticked in the online filing settings page when you filled in your original return. If you haven't submitted the original return yet, follow these steps: Click on Check and Finish. Click on File online. Click on Re-submit...
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15 Jun, 2016
Views: 3805
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10% deduction on foreign pension income
From 06/04/2017 the ruling for 10% foreign pension deduction changed and therefore, you need to ascertain whether you are eligible for the 10% deduction or not. More information on this can be found on the HMRC web page here. By default, the returns from 2019 will not apply the 10% deduction...
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09 Apr, 2019
Views: 3798
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Delayed response / Return keeps polling when filing to HMRC
If you receive a status from HMRC of Delayed Response when attempting to file online, this usually means that HMRC's processing systems are very busy. This won't affect the submission of the return itself but it does mean that the Submission Finished message won't be as prompt as usual. When...
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03 Aug, 2020
Views: 3660
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How do I print a copy of my return?
You can easily print your tax return to a printer or PDF. Please see the below video tutorial for more information. Alternatively, please see the written instructions below: Open the tax return. Click on Check and Finish. Click on Print. Click on Next Step in the HMRC warning message (if...
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05 Nov, 2020
Views: 3538
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Why does the IRmark on a tax return change?
The IRmark on a tax return will change if you: make changes to the entries on the return remove a figure and re-enter it as it was before. The IRmark shouldn't change if you amend anything outside of the return, such as an email address or filing credentials. Please note that when a...
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12 Sep, 2019
Views: 3473
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How do I offset losses against profits (and also reduce Class 4 NIC)?
Profit chargeable to Class 4 NIC You can offset losses against a profit to reduce Class 4 payments. To do this enter the loss amount into the profit schedule in the following places: Self Employment HMRC Forms mode (Full Form): page 5, box 102. Partnership Pages HMRC Forms mode (Short or Full...
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19 Mar, 2020
Views: 3347
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TaxCalc doesn't generate a print preview
TaxCalc uses the Adobe pdf file standard as its printing output. This allows you to have more control over the printing options and also allows you to save your tax returns as pdf documents. If you get an error from Adobe Reader when trying to generate a print preview, follow these instructions:...
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16 Mar, 2016
Views: 3343
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How do I enter a balancing charge/allowance for a capital allowance asset that I've written off in a previous year?
To enter a balancing charge/allowance for an asset that you've written off in a previous year, follow these steps: Add a new asset. Choose the type of asset (whichever pool the asset was initially entered in). Enter the date of acquisition or any date in a prior accounting period. Tick Asset...
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03 Aug, 2020
Views: 3192
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Does TaxCalc calculate Private Residence Relief on Capital Gains Tax?
TaxCalc doesn't calculate Private Residence Relief (PRR) on Capital Gains Tax. You will have to do this manually. You can use the HMRC helpsheet on PRR (from page 6) and the HMRC website to help you with these calculations. If you have any queries on Capital Gains Tax and PRR call the HMRC...
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25 Feb, 2015
Views: 3178
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How do I make a negligible value claim?
If you own an asset that has become of negligible value – worth next to nothing – you can make a negligible value claim. This will be treated as though you'd sold the asset and immediately reacquired it for an amount equal to its value at the time you made the claim. Before you can make a...
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03 Aug, 2020
Views: 3175
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Using the Dividend Database
This article shows you how to add dividend payments to your tax return If you have imported your previous year’s return into the current year, click on Refresh to update all the payments made in the current tax year. If you have no changes to your holdings they should now all be up to date. ...
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20 Feb, 2020
Views: 3047
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How do I remove duplicate property pages?
Duplicate property pages may be created if you've imported a return from last year and: you used the joint import to import income from another individual tax return which contains income from the same property. you have manually entered details with the same property name. You can...
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19 Nov, 2015
Views: 3044
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Do I need to report nursery or child care vouchers?
You need to report nursery or child care vouchers if: you don't receive them under the salary sacrifice scheme and you receive more than £55 of vouchers. If you receive your nursery or child care vouchers in exchange for salary under the salary sacrifice scheme, you don't need to disclose...
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02 Mar, 2018
Views: 2930
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HMRC API - Service status & common messages
Below are some common questions, queries and answers regarding the HMRC API facility that can be found within TaxCalc: Who should complete the identity check during authorisation? The identity check should be completed by someone who is authorised to act for your firm. (Details asked include...
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30 Oct, 2018
Views: 2773
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