Changes for Reporting R&D Claims

HMRC has introduced new CT600 supplementary pages to complete for Research and Development Expenditure Credit (RDEC) and R&D enhanced expenditure (SME scheme) claims. The supplementary pages (CT600L) will be required by HMRC for all CT600 returns filed on or after 6 April 2021. 

Taxes - Time to Pay

There are a range of business support measures available for businesses and individuals, which include deferring payment of certain taxes.

June release

With GDPR and Accountex 2018, May was an extremely busy month for everyone. But that didn’t stop our relentless schedule of improvements and product development. The June updates contains important GDPR updates to your engagement letters and a new integration with Quickbooks online.

TaxCalc Tax Return Production 2018. Released and ready for action!

This year, the TaxCalc team’s been working hard to bring you fully-compliant software for the 2017/18 tax year BEFORE the start of the compliance year. We know how you like to be organised!

Corporation Tax Loss Reform – An update to TaxCalc

Last Friday, HMRC emailed the accountancy practice community to inform that new rules concerning the relief and utilisation of corporate losses had taken effect.

The new rules were part of the legislation put before ministers earlier this year but, due to the General Election in May, were taken out as part of the ‘washing up’ of the original Finance Act – essentially, the passing of enough of the Budget to keep the country going...

Confirming our Spreadsheet, Income Tax and VAT Filing Functionality as part of our MTD Solution

When TaxCalc MTD was unveiled at Accountex, we reassured the accounting community that our MTD strategy would accommodate spreadsheet users to record transactions for compilation into an online quarterly submission for HMRC.

Following further announcements from HMRC regarding VAT compliance, we can confirm that our VAT Filer solution will also be ready for the submission of VAT returns under MTD.

HMRC 2016/17 calculation errors and Exclusions - Update

EVERYONE MAKES MISTAKES – EVEN HMRC!

But don’t worry. The fix is on its way.

You may already know that HMRC has made a number of changes to the Personal Savings and Dividend Tax Reform, which became effective from 6^th April this year. You’ll also probably know by now that errors were made in the calculation of tax liabilities.

It’s meant that those affected are unable to electronically submit Tax Returns (if an error registers it’s called an Exclusion). Instead they have to file a paper Return, providing at the same time a ‘reasonable excuse’ form. This has proven highly inconvenient and is a potential problem that’s common to users of all brands of tax software.

But fear no more. At TaxCalc we’ve been working closely with HMRC to remedy the situation quickly.

Tax Round-Up in association with Accounting Web

TaxCalc has teamed up with Accounting Web and Rebecca Cave to provide you with topical tax guides.  

The first of four guides will be published in October and will focus on making the most of savings and dividend allowances.