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Do we store customer data (Individual users)
Unfortunately TaxCalc does not store individual user tax returns on our server. This is due to the Data Protection act which does not allow TaxCalc to hold personal and confidential information about our customers. Tax returns must be saved either locally on your machine or to an external...
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29 Mar, 2023
Views: 243
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SA900 Trust tax free amount from 6 April 2024
From 6 April 2024, HMRC abolished the default standard rate band (£1,000) for income tax on trusts and estates. Instead HMRC have introduced a £500 tax free amount on which UK trusts and estates do not pay income tax, providing total income does not exceed £500. If income exceeds £500, tax...
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03 Feb, 2026
Views: 197
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Foreign income and gains (FIG) regime replacing the remittance basis from 6 April 2026
The Foreign Income and Gains (FIG) regime replaces the previous remittance basis from 6 April 2025, although neither an individual’s nationality, domicile at any time, nor their ability to claim the remittance basis in previous years affects eligibility for the FIG regime. The regime allows...
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24 Mar, 2026
Views: 132
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HMRC Filing Exclusions and Special Cases 2024/25
HMRC Filing Exclusions 2024/25 Exclusions have arisen due to the previous introduction of additional allowances and bands for certain types of income, making the calculation of the tax liability more complex. HMRC systems expect our software to match their method of calculation in order for the...
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12 Mar, 2026
Views: 73
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Furnished Holiday Lets abroad
To qualify as a FHL a property must: be let on a commercial basis with the view to realisation of profit, be in the UK or in the European Economic Area (EEA): the EEA includes Iceland, Liechtenstein and Norway; and be furnished: there must be sufficient furniture provided for normal...
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17 Mar, 2026
Views: 33
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