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Ftax SA100 Tax Liability Calculation

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We are very grateful to our clients for their comments and suggestions, without which these guides would not be possible. If you have a suggestion to improve this guide or its associated video, please email tracey@ftax.co.ukrule line

Ftax SA100 Tax Liability Calculation – Overview

This guide is an overview of the Ftax SA100 tax liability calculation. 

In order to calculate liability, you first have to allocate a credit: 

Allocate a credit

 

This is confirmed to the right of the UTR:

Confirmed to right of UTR

Further information on allocating credits can be found in the video 'How to use the Ftax SA100'.

 

When you have entered all the necessary information and are ready to make the calculation, click the 'Calculate' button and wait:

Calculate

 

If there are any errors or omissions, a pop-up will warn you:

Error popup

 

The relevant section will be highlighted in yellow in the status bar on the right:

Relevant section highlghted in yellow

Click on the section headings on the right to navigate to the boxes which need amending.

Hover the cursor over the highlighted field in order to gain advice on how to correct the errors:

Advice on error

 

If there are no errors or emissions when the 'Calculate' button is clicked, then a brief summary of the tax liability will be displayed in the bottom panel:

Summary of tax liability

 

Click the 'View Overview' box in the bottom panel in order to view the calculation summary:

View overview button

 

You can also access this information from the bookmarks bar on the left:

Bookmarks on the left

 

This provides access to both the SA302 and a payment summary:

SA302 and payment summary

Please note that the payment summary is an estimate. For a definitive guide on how much tax is owed, you should wait two working days after submitting the Ftax SA100 and then log in to your HMRC account.

If you need to edit and recalculate the Ftax SA100, click 'Edit':

Click edit

Then make your changes and click 'Calculate' again. You can recalculate as many times as you wish.

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We are very grateful to our clients for their comments and suggestions, without which these guides would not be possible. If you have a suggestion to improve this guide or its associated video, please email tracey@ftax.co.uk

<< Back to Video Guides