Override Foreign Tax Credit Relief

This section is accessed via the data input tab within the tax return and allows you to override the Foreign Tax Credit Relief calculated by the Taxfiler computation.

Taxfiler follows the general guidelines for calculating Foreign Tax Credit Relief that are included in HMRC Helpsheet 263 Calculating Foreign Tax Credit Relief on income. However, Taxfiler does not apply the limits and rules of the large number of Double Tax Treaty arrangements that are applicable for different countries.

‘Override the amount of relief claimed‘ where Taxfiler is unable to calculate the Foreign Tax Credit Relief correctly, you will need to calculate manually any relief due and enter the figure in this field.

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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