Annuities, annual payments and discounts from which income tax not deducted

Use this grid to enter details of annuities, annual payments & discounts received that are not otherwise charged to Corporation Tax. Any such receipts must be excluded from trading profits and included as separate income under the provisions of S976 to S978 CTA 2009.

  • Description’ Enter a description of the payment.
  • Per accounts’ Enter the income already included in the accounts. This figure will be deducted from the trading profits chargeable to tax.
  • Taxable‘ Enter the income taxable under Chapter 7 of Part 10 of CTA 2009. This entry will default to the full amount included in the accounts but can be changed.

To delete a line from the grid, click the ‘trash can’ button at the end of the line.

Click ‘Save‘ changes to update the figures to the adjustments to trade profit tab.

Using income losses against capital gains

Firstly, please ensure that you are making the best use of the losses before proceeding. Select the Capital gains tab from the data input screen Click on the Disposals tab, and enter the relevant information Click on the Capital Losses tab, and enter the amount of loss that you wish to set off against the […]

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Restricting access to clients

This feature is only available for multiuser accounts, it has been designed so that you can restrict user access for certain clients if required. Users with “edit client access” rights AND who have access to a client can assign or remove access rights via the Access tab on the client screen. The default is that […]

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User restrictions within Taxfiler

This function is only available for a multiuser license. Some functions within Taxfiler can be restricted from a user. From the SETTINGS icon select Users and select the user that you wish to edit Select Restrictions tab You will be presented with several functions which can be selected or removed via a tick box. For […]

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