Lloyds underwriters section (SA900)

Refer to the HMRC Trust and Estate Tax Return Guide if needed (opens in a new tab).

  1. Open the required tax return, then select the Data input tab.
  2. If the required section is listed, select it and skip the next step. If not, select Add a new section.

  3. On Choose a section to add, under UK income, select Lloyds underwriters.

    If the section is crossed through, it has already been added to the tax return. To adjust it the existing values, close the window and select the section on the Data Input tab.

  1. Complete the following sections, then select Save changes.

  • Interest on gilts and bank interest etc. paid gross

  • Taxed interest from banks etc. – amount received, Tax deducted, Total

  • Unit trust interest – amount received, Tax deducted, Total

  • Accrued income scheme profits

  • Accrued income scheme losses & loss on deeply discounted securities

  • ‘Dividends & distributions from UK companies’

  • ‘Dividends from UK unit trusts and OEICs’

  • Stock dividends

  • Bonus issues of securities and redeemable shares

  • Foreign interest – net income, Foreign tax deducted, UK tax deducted

  • Other foreign receipts – net income, Foreign tax deducted, UK tax deducted

  • Foreign dividends – net income, Foreign tax deducted, UK tax deducted

  • Compensation receipts

  • Other Lloyd’s non-syndicate income

  • Aggregate syndicate profit

  • Net withdrawal from Special Reserve Fund

  • Stop loss recoveries

  • Repayments of foreign tax previously allowed by deduction

  • Fees for bank guarantees / letters of credit

  • Aggregate syndicate losses

  • Lloyd’s members’ association expenses

  • Personal Quota Share and Exeat premiums

  • Interest on loans and payments to fund underwriting

  • Net transfer to Special Reserve Fund

  • Members’ agent profit commission and salaries

  • Accountancy fees

  • Other Lloyd’s expenses

  • Foreign tax on personal fund income

  • US income tax paid

  • Canadian income tax paid

  • Syndicate foreign tax

  • Additional payments of foreign tax

  • Refunds of foreign tax for which tax credit relief was given

  • Claim foreign tax credit relief?

  • Net profit

  • Loss b/fwd

  • Loss b’/fwd used this year

  • Foreign tax claimed by deduction

  • Taxable profits