Create a new tax return

To create a tax return, select the client from the Clients list.

Open the client and navigate to the Tax Returns tab. Select New Tax Return.

For individuals, partnerships and trusts:

  • Year - select the tax year for the new return from the drop-down list. The earliest year supported is 2012 for individuals or partnerships and 2013 for trusts and estates.

  • Type - select the type of return from the drop-down list. For individuals you can choose between completing form SA100 or form R40. The selection can be changed after creating the Tax Return. Select Create.

  • Your reference - enter your reference for this return. The reference will default to the client code.

A new window displays within the returns menu.

For companies:

  • Start of period - enter the start of the period.

  • End of period - this field is auto populated , start and end dates are mandatory. Note that the accounting period cannot exceed 12 months.

  • Type - only one form type is supported, that is, CT600. To complete a CT600 short form, you can specify that you want a short form when inputting the company information for the Tax Return.

  • Your reference - enter your reference for this return. The reference will default to the client code.

Automated roll-forward of existing data

When you select Create, a new tax return will be created. If a previous year tax return already exists (or a previous accounting period for corporate returns) then applicable data will be carried forward from the previous record.

  • Most sources of income will be carried forward to the new year (for example, employments, trades, pensions, bank accounts etc.)

  • Information for each source that is not tax year specific (for example, descriptions, quantities, dates) will also be carried forward.

  • Applicable dates will be adjusted accordingly (for example, accounting period start and end dates will be moved forward one year).

  • Carry forward balances will be transferred into the applicable brought forward fields (for example, losses, opening balance, overlap relief etc.)

  • Capital allowance pools and assets with positive written down values will be brought forward and writing down allowances will be calculated.

  • Calculated payments on account will be transferred to the payments made screen of the new tax year.

  • For companies with long periods of account where adjustments have been input and apportioned for the first accounting period of the long period, creating the second accounting period will also transfer all the trade balances and calculate the apportioned values for the second period.

Items that will NOT be rolled forward:

  • Amounts that are specific to the new year (for example, P60 figures, profit/loss figures, bank interest received).

  • Sources that have ceased (for example, trades, partnerships, employments etc. which have cessation dates prior to the new tax year).

  • Capital Gains disposals (although brought forward losses will be retained).

  • Capital allowance pools or assets with a zero written down value.

Bulk creation of multiple tax returns

A tool is provided to allow the bulk creation and roll forward of multiple tax returns. See Bulk tax year rollforward.