Knowledge Base - SA100 Individual Return

SA100 Individual Return

	Where do I enter an averaging adjustment? To enter an averaging adjustment you need to go into the Full Self Employment pages. SimpleStep mode Go to Your Work > Self Employment > Annualised turnover. Tick the bottom box for Are any of the above true (or do you wish to complete the Full form for any other reason)? Click Next...
	22 Mar, 2016 Views: 845

	Why don’t I have to make payments on account? You don't need to make payments on account (POA) towards the next tax year if: The total tax due (less Class 2 NIC payment) for this year is under £1,000 Or More than 80% of the tax due is met by income tax deducted at source. Illustrated Example for point 1: POA are not due when the...
	02 Mar, 2018 Views: 838

	Where do I find the Capital Gains Tax summaries? If you've completed the Capital Gains Tax pages in SimpleStep mode, the appropriate disposal, intermediate and final calculations will be in a pdf that's automatically attached to the return. You can view and print all your disposals and the intermediate and final summaries by following these...
	02 Mar, 2018 Views: 821

	How do I claim investments or shares in a Seed Enterprise Investment Scheme? You can claim income tax relief on investments in a Seed Enterprise Investment Scheme in SimpleStep or HMRC Forms mode. SimpleStep mode Go to Tax reliefs and allowances > Relief on investments. Enter the amount in the box labelled Subscriptions for shares under the Seed Enterprise...
	24 Aug, 2020 Views: 793

	How do I import joint income between two tax returns (Practice User)? You can import income from one return to another by following these steps: Open up an SA100 tax return. Select Joint income importing from the left-hand menu. Select Import joint data. Browse and search for the client you want to import the data from. Click on Select. Select the tax return...
	11 Aug, 2015 Views: 784

	How do I carry back partnership losses? To carry back a partnership loss for the current year to a previous year, you need to make a manual adjustment to your SA100 tax return for the year in which the loss occurred. You don't need to re-submit your return for the previous year and this cannot be done via the SA800 tax return. To...
	20 Feb, 2020 Views: 775

	Claiming relief on P2P loans To claim relief on peer-to-peer (P2P) loans for the current tax year (2019/20), you will need to make a manual reduction before entering figures onto the return. Please see the guidance published by HMRC (Income tax relief for irrecoverable peer to peer loans guidance) for more information....
	24 Mar, 2020 Views: 725

	How do I claim foreign tax credit relief on my Capital Gains? You can claim foreign tax credit relief on the Capital Gain entries on your tax return in SimpleStep or HMRC Forms mode. SimpleStep mode Go to Capital Gains Tax. Check that you've completed the required details on the Asset Details page. Go to Foreign Tax Credit relief. Complete the entries...
	21 Sep, 2015 Views: 724

	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...
	18 May, 2015 Views: 713

	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...
	23 Apr, 2018 Views: 711

	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...
	24 Mar, 2020 Views: 707

	Difference between tax relief on Pension Contribution and Annual allowance If you receive an error message in regard to pension contributions, and you have made pension contributions to use up your annual allowance, the difference can usually be explained. Tax relief on pension contributions Tax relief on pension contributions is restricted to £3,600 or net...
	15 Feb, 2018 Views: 698

	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...
	25 Feb, 2015 Views: 676

	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 >...
	24 Mar, 2020 Views: 644

	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.
	20 Aug, 2015 Views: 635