Ftax forms look exactly like the HMRC tax forms and feature all supplementary sections
Ftax forms look exactly like the HMRC tax forms and feature all supplementary sections. Each will calculate the tax liability for you, and clearly explain how this was done. You may then submit online to HMRC as either a new or amended submission.
Ftax forms help you to complete the tax returns by adding up totals for you and highlighting errors and omissions in yellow. The tax return forms can be saved at any time so you can complete them at your own pace.
Ftax tax forms may be pre-populated using ‘Ftax Data Transfer’. Data from the Cashbook may be automatically transferred to the SA100, SA800, and CT600 forms. Partner data may also be transferred from the SA800 to the SA100 form, and data from the previous year form automatically transferred to the current tax year form when it is first opened. This makes it extremely easy to complete the tax returns and much of the work is being done for you.
The HMRC test submission facility can be used to check everything is ok. Use the PDF Copy feature to print simple copies of completed tax returns. All submission data is automatically recorded to provide you with a complete archive of all your tax filing activities via a facility called Ftax Records.
The outcome of all tax return submissions will be confirmed via the form itself, via the tax filer status within your Ftax Account, and via email.
All Ftax forms work in Adobe Acrobat Reader DC on Windows 10 and macOS 10.13 (High Sierra) and later.
The Ftax Self Assessment SA100 form will calculate your annual tax liability and display it in an HMRC compliance SA302 format. Up to 2 additional PDF documents may be attached to your submission data should you wish to include additional details of your tax affairs when you submit.
As well as the standard Ftax form features, the SA100 is able to import data forwarded from both the Ftax Cashbook and the Ftax SA800, as well as from the previous year tax form. This makes the tax return extremely easy to complete as many sections are being completed for you.
The following sections are included in the Ftax Self Assessment form:
|Main Tax Return – SA100||interest and dividend income worksheets|
|Tax Calculation Summary – SA110||includes payments on account|
|Additional Information - SA101||up to 3 insurance gains|
|Employment - SA102||up to 10 copies|
|Ministers of Religion - SA102M||up to 3 copies|
|Self-Employment (Short) - SA103S||up to 3 copies|Cashbook data auto imported|
|Self-Employment (Full) - SA103F||up to 3 copies|Cashbook data auto imported|
|Lloyd's Underwriters - SA103L||1 copy|
|Partnership (Short) - SA104S||up to 5 copies|SA800 data auto imported|
|Partnership (Full) - SA104F||up to 5 copies| SA800 data auto imported|
|Land & Property - SA105||1 copy|Cashbook data auto imported|
|Foreign - SA106||up to 20 interest and 20 dividend entries|
|Trust - SA107||1 copy|
|Capital Gains - SA108||up to 144 gains|
|Non–Residence etc - SA109||1 copy|
|Tax Calculation Notes - SA110||complete breakdown of your tax calculation|
|Tax Calculation Overview - SA302||HMRC compliant SA302 tax calculation|
If you are self-employed, a partner, or a landlord then you must purchase as a business, as the tax return sections relevant to you are not included in the Ftax for Individuals service.
The Ftax Partnership SA800 form will calculate your trading profit / loss and divide the monetary values between the partners. This data may then be automatically forwarded to the Partnership sections of the partner Ftax SA100s. Up to 2 additional PDF documents may be attached to your submission data should you wish to include additional details of your tax affairs when you submit.
As well as the standard Ftax form features, the SA800 is able to import data forwarded from the Ftax Cashbook and from the previous year tax form. This makes the tax return very easy to complete as much of the return is being completed for you.
The following sections are included in the Ftax Partnership form:
|Partnership Tax Return – SA800||1 copy|
|Trading and Professional Income||1 copy|Cashbook data auto imported|
|Short Partnership Statement||up to 3 partners |data forwarded to SA104|
|Full Partnership Statement||up to 12 partners|data forwarded to SA104|
|UK Property - SA801||1 copy|
|Foreign - SA802||1 copy|
|Disposal of Chargeable Assets - SA803||1 copy|
|Savings, Investments and other Incomes - SA804||1 copy|
The Ftax Company CT600 form will calculate your company tax. Both iXBRL Computations and iXBRL Accounts may be generated, the latter featuring 2 template options, Micro Entity and Small Company. Profits and Capital Allowance Worksheet are included to enable you to generate the iXBRL Computations file. The iXBRL files and an additional optional PDF documents may be attached to your submission when you submit. You may also attach iXBRL files generated by other software suppliers (e.g. VT Software).
As well as the standard Ftax form features, the CT600 is able to import data forwarded from the Ftax Cashbook into the iXBRL Accounts section, as well as from the previous year tax form. This makes the tax return very easy to prepare as much of the accounts section is being completed for you.
The following sections are included in the Ftax Company form:
|Main Tax Return – CT600||calculates company tax|
|Loans to Participators – CT600A||1 copy|
|Controlled Foreign Companies – CT600B||1 copy|
|Groups and Consortiums – CT600C||1 copy|
|Insurance – CT600D||1 copy|
|Charities and CASCs – CT600E||1 copy|
|Tonnage Tax – CT600F||1 copy|
|Cross-border Royalties – CT600H||1 copy|
|Ring Fence Trades – CT600I||1 copy|
|Disclosure of Tax Avoidance Schemes – CT600J||1 copy|
|iXBRL Computations||inc. profits and capital allowance worksheets|
|iXBRL Accounts||micro entity or small company options|
The Ftax Trust and Estate SA900 form will calculate your annual tax liability. Up to 2 additional PDF documents may be attached to your submission data should you wish to include additional details of your tax affairs when you submit.
As well as the standard Ftax form features, the SA900 is able to import data from the previous year tax form. This makes the tax return easier to complete as the standard data will be completed for you.
The following sections are included in the Ftax Trust and Estate form:
|Trust and Estate Tax Return – SA900||1 copy|
|Trust and Estate Trade – SA901||1 copy|
|Lloyd's Underwriters – SA901L||1 copy|
|Trust and Estate Partnership – SA902||1 copy|
|Trust and Estate UK Property – SA903||1 copy|
|Trust and Estate Foreign – SA904||1 copy|
|Trust and Estate Capital Gains – SA905||1 copy|
|Trust and Estate Non-Residence - SA906||1 copy|
|Trust and Estate Charities – SA907||1 copy|
|Estate Pension Charges Etc. – SA923||1 copy|
|Trust and Estate Tax Calculation Guide||complete breakdown of your tax calculation|
The Ftax VAT form is fully compliant with HMRC’s Managing Tax Digitally requirements. It communicates with your HMRC account to import whatever periods HMRC require you to submit (usually quarterly or monthly).
Ftax provides 3 ways for you to transfer data into the VAT report ready for submission:
The Ftax VAT form will then enable you so submit online to HMRC and will confirm the outcome.