Royalties and annual payments made

This screen is accessed via the data input tab within the tax return and allows entry of annual payments and royalties. Note that from 2014 onwards there are separate entries made for annual payments and patent royalties. Prior to 2014 there is just one input grid for annual payments.

Annual payments made

When annual payments are made to someone under a legal obligation in connection with a trade or profession, Income Tax must be withheld at basic rate from the amount paid.

If payments have been claimed as a business expense, you should make a note of the payment on the relevant self-employment page.

Do not include interest payments made to somebody who does not live in the UK. These should be paid directly to HMRC.

  • Description of payment’ Enter a brief description of the payment made.
  • Net amount paid‘ Enter the amount paid after withholding basic rate tax.
  • ‘Tax taken off’ where available Taxfiler populates this column.

UK patent royalty payments made

Royalty payments must be paid after withholding basic rate tax.

If payments have been claimed as a business expense, you should make a note of the payment on the relevant self-employment page.

  • Description of payment’ Enter a brief description of the royalty payment made.
  • Net amount paid’ Enter the amount paid after withholding basic rate tax.
  • Tax taken off’ where available Taxfiler populates this column.

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

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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