Tax Workings
Overview
The purpose of this section is to store tax rates, categories, codes and descriptions that are linked to other sheets.
Completing the Sheets
These sheets are not designed for users to edit. However, it is possible to insert line items into some of these sheets.
On sheets where line items are supported, the option to insert line items is available in the dropdowns on related working papers.
Tax Rates
This sheet contains main tax rates and thresholds used in the calculation.
Fixed asset additions categories
This sheet contains the allowance categories that can be selected in the Fixed asset additions sheets.
Fixed asset disposals categories
This sheet contains the allowance categories that can be selected in the Fixed asset disposals sheets. You can insert a line item if you need to insert additional allowance categories.
Special / Further / Double deduction categories
This sheet contains information related to the Special, Further and Double deduction codes. If you need to insert additional codes, you can insert a line item. On this sheet, you can only select codes where
Other deduction / expenditure
is set to Yes
. If a Rental income – passive source sheet has been inserted into the calculation, a related column is inserted into the Special / Further / Double deductions sheet. You can ony enter data in this column where the code has
Applicable to rental income?
is set to Yes
.If there is a deduction limit, it is shown on the Categories sheet. Where the deduction limit is 0, no deduction limit is taken into account for that code.
Incentive categories
This sheet contains information related to the Incentive claim codes. If additional codes are required, these can be inserted into this sheet by inserting a Line Item.
Banks
This sheet contains bank names and corresponding bank codes for e-filing. If additional banks are supported, you can insert them by inserting a line item.