Know-how Pool

This section allows input and calculation of the Know-how allowances pool.

  • Written down value b/fwd‘ Enter the written down value of the pool brought forward from the previous period. If the information was rolled forward from a previous period then the written down value will already be populated.

Additions and disposals

  • Additions’ Enter the value of any expenditure in the current period.
  • Less: disposal proceeds’ Enter the value of any disposals in the period.
  • Balancing allowance/(charge)’ This field will show any calculated balancing allowance or balancing charge for the period. A balancing allowance will only arise on the pool when the business or qualifying activity is ceasing.

Writing down allowance

  • Residue’ This field will show the balance that is eligible for writing down allowances. This is calculated from the written down value brought forward, plus additional expenditure, minus any disposals.
  • WDA @ 25%’ This field will show the writing down allowance claimed on the remaining pool balance. Where the period straddles a rate change the rate will be adjusted accordingly.
  • WDA not claimed‘ If you wish to disclaim any writing down allowances, input the amount not claimed. This will remain in the pool to be relieved in a future period.

Carry forward

  • ‘Written down value c/fwd’ This field will show the pool residue to be carried forward to the next period. When the tax return for the next period is created, this balance will be brought forward into the new period.

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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