Make sure you have the correct medical credits. You can pull the 6A from a previous tax calculation automatically. The 6B to be obtained from the client as its totally unknown. The updates option below shows a global function for all taxpayers listed in the left hand panel. There is a field for medicalcredits which is shown on the screen below. In this instance you can pull the details from the last tax calculation which will be adjusted automatically to the current rates.
By clicking on the appropriate options the system will update the provisional tax ledger with the medical credits (only the first part s6A ) as well as turnover for companies. If you wish to add the actual expenses then please obtain the figures from your clients or ask for them in the letter.
Some rules;
If you are on your own server make sure you have a backup before you run this process.
Make sure the tax year is set to the correct year
Make sure you have the correct year end month
Make sure you are on the correct payment P1 and P2
Recalculate the ledgers
Decide if you wish to increase the turnover
Make sure you look at the estimated tax calc for both individuals and companies
By running this process, the system will automatically calculate the medical credits and populate the turnover figures for companies
Please note that you wont be able to file a company or CC without the turnover.
