Leased high emission cars

Click on the ‘Edit‘ button from the Adjustments to trade profit tab, a new window will open which needs to be completed. Use this grid to calculate the portion of expenditure on leased high emission cars that is disallowed and must be added back to the tax computation. A high emission car is one with CO2 emissions of more than 160g/km.

  • Description‘ Enter a description of the car.
  • Per accounts’ Enter the expenditure included in the accounts for this vehicle.
  • Allowable‘ The allowable expenditure will be shown in this column. 85% of the cost is allowable for tax purposes.
  • Disallowable‘ The disallowable expenditure will be shown in this column. 15% of the cost is disallowable for tax purposes.

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 […]

Read More

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 […]

Read More

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 […]

Read More