Non-exempt dividends and distributions from overseas companies

Click on the ‘edit’ button on the Adjustments to trade profit tab, a new window will open which needs to be completed. Use this grid to enter non-exempt dividends & distributions from non-UK resident companies. This income must be excluded from trading profits and taxed separately.

  • Description‘ Enter a brief description of the income.
  • Per accounts‘ Enter the amount that has been included as income in the accounts. This amount will be deducted from trading profits.
  • Taxable‘ Enter the amount that is taxable as overseas non-exempt dividend income. This figure will default to the figure entered in the “per accounts” column but can be changed.
  • HMRC Category‘ Select the required HMRC category for the income. (Non-exempt overseas income other than dividends and distributions should not normally be entered here).

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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