Subscriptions for Venture Capital Trust shares

This screen is accessed via the data input tab within the tax return and allows a claim of tax relief for subscriptions for shares in Venture Capital Trusts (VCTs).

Taxfiler’s computation will allow relief of 30% of the smaller of:

  • The amount subscribed
  • £200,000
  • The amount that reduces the tax bill to zero for the year.
  • Trust’ Enter the name of the trust.
  • Amount’ Enter the full amount subscribed.

If you enter an amount subscribed of more than £200,000, Taxfiler will limit the amount included on the tax return to £200,000 as required by the tax return notes.

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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