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Post Info TOPIC: Self assessment re dividend tax


Master Book-keeper

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Self assessment re dividend tax
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Hi

ok being lazy!  Do I need to request paper returns for the reporting of dividend tax (split between old and new regs) or can any of the software (eg and preferably just now, Taxfiler) cope with the calcs?

 

edited for typo!!!!!!!



-- Edited by Cheshire on Thursday 6th of April 2017 12:30:53 PM

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 Joanne 

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Guru

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Equestrian as in horse? Or request paper return?? Lol. BTW, Sign up to QBO and get 12 months free subscription to Taxfiler....

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Johnny  - Owner of an overly-active keyboard. 

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Master Book-keeper

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Cheshire wrote:

Hi

ok being lazy!  Do I need to equestrian paper returns for the reporting of dividend tax (split between old and new regs) or can any of the software (eg and preferably just now, Taxfiler) cope with the calcs?


 Oh what a donkey! wink

lol. Edited on the other, but happy to show how daft I am.  Funny how my predictive text picked up that from 'request', but serves me right for not checking what I write. 

How much is QBO?  

Yes - request a paper return is what I meant!

 

 

 



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 Joanne 

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Master Book-keeper

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I thought you were just horsing around!   Seriously I couldn't work out what equestrian meant in the context, never even thought of request, although that was the most obvious in hindsight.



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John 

 

 

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Guru

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He he! Quickbooks online is free. You get a free QBO account for yourself too, should you wish to do your own bookkeeping within the cloud...lmao.But yeah, its worth checking out.

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Expert

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I assumed the mistake was a result of posting on the hoof.

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Vince M Hudd - Soft Rock Software

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Guru

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Lol - the irony is that Joanne very rarely asks a question! This one now I fear will be full of horse-play!

Naaaa I hear you say :)



-- Edited by abacus12345 on Thursday 6th of April 2017 01:53:45 PM

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Master Book-keeper

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Bloody Hell rein it it peoplel!!   You are soooo lame.

Dont you think this is a bit much

So can you quit stalling and answer the flippin question.  

As Johnny said I rarely ask and this one was a spur of the moment decision.  

I will get off my high horse now.

Ok - I wont give up my day job, but I had to have a go at harnessing my creativity.  I hate horses!!!!

 

 

 



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

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Master Book-keeper

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Thanks for the QBO and Taxfiler tip Johnny. One last lazy Q on that one - is it full access to Taxfiler so can do several companies and self assessments as usual, or restricted to one of each?

Might just set it up to get the freebie bit. Intuit do have a habit of increasing their fees too, so got to balance it with - cancelling the Taxfiler thing and having to set it up again within the 2 year period clause thing they have.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Guru

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I see where you're coming from with the question - yes I assume they'd have to be a QBO client - I will try later to be sure - that's likely to be the catch!!

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Johnny  - Owner of an overly-active keyboard. 

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Master Book-keeper

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Cheshire wrote:

Bloody Hell rein it it peoplel!!   You are soooo lame.

Dont you think this is a bit much

So can you quit stalling and answer the flippin question.  

As Johnny said I rarely ask and this one was a spur of the moment decision.  

I will get off my high horse now.

Ok - I wont give up my day job, but I had to have a go at harnessing my creativity.  I hate horses!!!!


 And I thought I was good at puns lol. You certainly got the bit between the teeth there.

Oh go on, I've resisted this all day because it is truly dreadful, but where do they take sick nags to get better?

To the horsepital of course!!

 



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John 

 

 

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Master Book-keeper

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You lot are awful!!!


biggrinbiggrinbiggrin

Has anybody actually got an answer to my question or are we just going to keep getting horsey puns? Yes I know, it was my own fault, but I do need to know, so any help will be appreciated....and reward with a carrot or a cube of sugar!




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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Guru

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lol!


I don't think I understand the question? Do you ask if you can amend a paper return with an electronic submission?

*Or is it that you are asking if a dividend can be reported over FA2015 and FA2016 (new dividend, no credit) with the software.

I'm stumped because I know it can't be a basic question as it is yourself that is asking.


*I would say yes. Depending upon how much spare time you have, if you (I should change my name to Mr. Software trial) download taxcalc and have a free play...


That's probably of absolutely no use whatsoever mind :)

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Johnny  - Owner of an overly-active keyboard. 

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Master Book-keeper

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Thanks Johnny - dont worry. Yes its to do with divis under the different FAs, although Ive also seen some commentary re issues with order of deductions and therefore calculations being thrown out.Think Im probably just overthinking stuff before I even get to it properly and will have to find a few minutes to have a play around with the system and see what it lets me do, but sooner rather than later!

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Master Book-keeper

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I'm a bit confused Joanne. 

Is it to cover a base period?  I assumed so (which is why I didn't answer because I don't know)  If not were you asking if Taxfiler would handle the new regime?  I assume it will, in fact I'd be extremely worried if it didn't.

Going back to base periods, but having never used them, it's probably best to work it out manually then see if taxfiler agrees?  If it does bingo, if not then either different software or a paper return

Could you use the HMRC online, rather than taxfiler, and see if that handles it the way you want it to?

 



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John 

 

 

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Master Book-keeper

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Ignore me - seems I was being a numpty and/or talking at cross purposes the whole blinking day!!!!!!

Fortunately I wasnt working on any client files that day!!!!!!!!!



-- Edited by Cheshire on Saturday 8th of April 2017 01:45:48 PM

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position

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