Corrections to 2008-09 SA returns, notes and help sheets

SA103L

1

Opening text

Year updated from '2007' to '2008'
If your final syndicate results were declared and your Lloyd's deposit was released before 1 January 2008

08/10/2009

SA104F

FP2

Box 24

Amend cross reference to 'page FPN 7 of the notes'

06/04/2009

SA700

1

Change telephone number below office address box from '0845 0700040' to '+44 151 210 2222'

06/04/2009

SA103L Notes

LUN 6

working sheet for boxes 16 to 20

Amend 'foreign' to 'UK' so that the text reads:
Net amount of dividend income that does not qualify for UK dividend tax credit copy to box 20

28/07/2009

SA103L notes

LUN 6

21

Replace the note with:
'The syndicate results are given at line 7 on form CTA 1 (2005) and will be described as total profit or loss. Reporting arrangements for foreign tax altered in 2008-09.
This will affect the amount of syndicate profit or loss reported on the return.

Before completing box 21 (or box 31 if a loss) Lloyd's members should refer to the explanatory letter dated 11 March 2009 from HMRC's Shipley Complex Personal Tax Team (now called High Net Worth Unit) attached to the CTA1 advice notices issued by Lloyd's. If the amount shown at line 7 is a profit, deduct the foreign tax at line 13 from the amount at line 7 and enter the result at box 21.'

06/07/2009

SA103L notes

LUN 8

31

Replace final sentence with:
'If the amount shown as total profit or loss at line 7 on your CTA 1 (2005) is a loss, add the amount shown to the syndicate foreign tax at line 13 and enter the total at box 31.'

06/07/2009

SA104F

FPN13

Box 64 – Overlap relief

The final (sixth) bullet has been amended

11/06/2010

SA105 notes

UKPN 12

40 (second bullet)

Replace 'box 30' with 'boxes 30 to 32' [twice]

06/04/2009

SA106 notes

FN 5

Income from overseas sources (second bullet)

Remove line break after 'different' so that 'tax treatment)' follows immediately afterwards

06/04/2009

SA106 notes

FN 5

Example 3

Incorrect figure of Special Withholding Tax (final line). Amend amount to £150.

19/05/2009

SA106 notes

FN 18

Country code list

Delete 'Georgia' (listed twice)

06/04/2009

SA110 notes

TCSN 36

H5

Amend text above box H5 to 'H3 + H4'

06/04/2009

SA150

TRG 5

Capital gains summary

Amend fourth and fifth bullet points to

• any foreign chargeable gains which accrued when you were taxed under the remittance basis were remitted to the UK, or
• you were not domiciled in the UK and are claiming to be taxed on the remittance basis, or
• you want to claim an allowable capital loss or make any other capital gains claim or election for the year

06/04/2009

SA150

TRG 6

Student Loan repayments

In final line, amend page reference to 'page TRG 13'

06/04/2009

SA150

TRG 9

2

In heading for box 2, delete duplicate 'not'

06/04/2009

SA150

TRG 10

2nd info bullet in margin

Add capital 'A' to 'attendance'

06/04/2009

SA150

TRG 11

Info bullet in margin

Amend page reference to 'page TRG 12'

06/04/2009

SA150

TRG 20

Calculating your tax

Amend page reference at end of second paragraph to 'TRG 24'

24/06/2009

SA150

TRG 23

What happens next

1. Line 4 - delete full stop between 'may' and 'be';
2. Line 8 - insert full stop after 'interest'

06/04/2009

SA150

TRG 24

A very rough guide to …

1. Delete superfluous amount box at item 4;
2. Add closing bracket after 'TR 4'

06/04/2009

SA150

TRG 9

info bullet in margin

Amend text to 'If … is below your tax free personal allowance (£6,035 if you are under 65) you can register …'

29/04/2009

SA210

Contents

Paying in to … pension schemes

Amend page reference next to 'Limits to relief' to '16';

Replace 'Exceptions to the usual rules' with

• 'Payments deducted from your pay before it is taxed (the net pay arrangement) 17'
• 'Payments to registered pension schemes where basic rate tax relief will be claimed by your pension provider 17'
• 'Gross payments 17'
• 'Payments to an overseas pension scheme 17'

06/04/2009

SA210

STRG 14

5.2

Amend tax free amount of income (PA) to £6,035

06/04/2009

SA804
notes

PSN5

7.31 to 7.33

In the paragraph after the 4 bullet points, change '20%' to '10%'

13/08/2009

SA901L notes

TLUN 5

1L.58A

Replace first sentence and bullet points with:
'Reporting arrangements for foreign tax altered in 2008-09. This will affect the amount of syndicate profit or loss reported on the return. If the entry at line 7 on the CTA 1 (2005) (described as profit or loss) is:
• profit: – deduct the foreign tax at line 13 from the amount shown and enter the result in box 1L.58A; enter '0' in box 1L.63
• loss: – enter '0' in box 1L.58A; add the amount shown at line 7 to the foreign tax figure at line 13 and enter the total in box 1L.63.'

25/06/09

SA901L notes

TLUN 6

1L.63

Replace first sentence with:
'If the amount shown as profit or loss at line 7 on the CTA 1 (2005) is a loss, add the amount to the foreign tax at line 13 and enter the total in box 1L.63.'

25/06/09

SA904 Notes

TFN5

Box 4.2B

The (second) paragraph under 'Box 4.2B' starting
'if you are the trustee of…' has been removed.

31/07/09

SA951

TTCG 14

T9.13

Amend text above box from 'T3.3 + T3.26' to 'from T3.26'

06/04/2009

HS222

12

Example 13, step 2

Amend '361/366' to '341/366' and 'after 6 April' to 'after 5 April'

29/04/2009

HS263

4

TC100

In the guidance to box TC100, replace the two instances of 'boxes TC6 to TC10' with 'column B of the Foreign pages

08/10/2009

HS295

5

Which transferors and transferees qualify for hold-over relief?

Sixth paragraph, change 'A company can be a transferee in cases falling within categories 1 to 3' to 'A company can be a transferee in cases falling within categories 1 and 3'.

14/06/2010

HS320

19

Description of 'Z'

Amend "21 March 2008" to "21 March 2007"

28/10/2009

HS343

1

Example 1

The six monthly amount of interest received is £400 (not £800). Accrued interest revised to show £334.

28/10/2010