Self Assessment: 2006-2007 Tax Return guidance
Section |
Page |
Comments |
Date added |
|---|---|---|---|
Page 15 |
Page 15 “Foreign tax credit relief for foreign tax paid on employment, self employment and other income”, ‘column C’ should read ‘column D’. |
December 2007 |
|
Helpsheet IR297 – Enterprise Investment Schemes and Capital Gains tax |
Page 1 |
The web address for information on the Enterprise Investment Scheme (EIS) has been amended. |
October 2007 |
Helpsheet IR222 – How to calculate your taxable profits |
Page 7 |
The calculation in Example 12 has been amended |
August 2007 |
Helpsheet IR250 - Capital allowances and balancing charges in
a rental business |
Page 1 |
The criteria to satisfy whether a business is ‘small’ or medium-sized’ has been amended in the ‘rate of first year allowance’ table. |
July 2007 |
Helpsheet IR214 Service rights connected with job-related living accommodations |
Page 2 and Page 4 |
The second bullet point under the heading 'You should deduct' on page 2 has been amended. In Step 2 on page 4, the descriptor to the second box below the sub-heading 'Deduct' has been amended. |
2nd July |
Page 19 |
In all circumstances you should ignore box 13.1 and all instructions relating to it. You should continue to complete boxes 13.2 and 13.3 as per the guidance. |
17 May |
|
Page 20 |
The final paragraph reads "If W28 minus W38 is more than £500, and W38 x 5 is more than W28, a payment on account is due”. This should read "If W28 minus W38 is more than £500, and W38 x 5 is less than W28, a payment on account is due." |
22 May |
|
SA970 (PDF 163K)- Tax Return for Trustees of Registered Pension Schemes |
Page 1 |
The telephone number on the front page has been amended to 0115 974 1471 |
11 May |
Helpsheet IR222 – How to calculate your taxable profits |
Page 6 |
The first entry in the table for first year allowances on plant and machinery, ‘expenditure on energy-saving plant or machinery’ has been removed |
8 |
Helpsheet IR212 – Tax Equalisation |
All pages |
All paper copies of the IR212 for 2006-07 should be marked as obsolete. The internet version available via the link to the left is the correct version. |
25 April |
SA151w Page 3 |
Box W3 should say ‘if you were born before 6 April 1942’ |
24 April |
|
Helpsheet IR297 |
Page 1 and example 2 |
The maximum Enterprise Investment Scheme (EIS) subscription for 2006/07 which can qualify for income tax relief is £400,000 (not £200,000). Some figures in example 2 have been updated to reflect the increase. |
12 April |
SA101 Notes – Page EN6 |
The final paragraph of box 1.26A should be ignored “if your employer pays contributions to an overseas pension scheme in respect of which you are not exempt, you will need to declare the payments at box 1.28. Ask for help sheet IR204: lump sums and compensation payments.” |
April 07 |
|
SA150 – Page 15 |
First paragraph on right hand side, there is a missing word ‘annuity’ between ‘retirement’ and ‘contract’ |
April 07 |
|
Helpsheet IR320 – Page 9 and Helpsheet IR321 Page 11 |
Page 9 & 11 respectively |
Following the sentence “’Z’ is all amounts paid as premium under this or any related policy” the following text should be added “Where premium or premiums totalling over £100,000 were paid into your policy or policies on or after 21 March 2007 and your adviser passed on commission in respect of the premiums to you, or reinvested commission as premium into your policy then Z must be reduced by the amount of commission passed on or reinvested. |
April 07 |
SA106 notes – page FN12 |
The web address for offshore funds in paragraph 4 should read |
April 07 |
|
SA951 – Page 7 |
Box T3.58 should state “T3.28 minus T3.50” |
April 07 |
|
SA951 – Page 10 |
Box T5.2 should state “from T2.19 or T3.19 or T4.19” |
April 07 |