HM Revenue & Customs
Tax Return for the year ended 5 April 2021.
This is a copy of the information that will be transmitted to the HM Revenue & Customs once authorised by you. The copy includes all completed supplementary pages & attachments. Before transmitting the return (or amendment) information to HM Revenue & Customs using the Self Assessment Online Service, your tax adviser must provide you with a copy of your tax return (or amended tax return) information for you to declare that the information is correct and complete to the best of your knowledge and belief and approve submission to HM Revenue & Customs. If you give false information or conceal any part of your income or chargeable gains you may be liable to financial penalties. It is recommended that you retain a copy of the Tax Return (or amended tax return information) transmitted to HMRC.
The following details comprise the information to be sent electronically:
Name UTR Agent Reference SIMARY'S FOUNDATION SIM002
Declaration
I understand that when I advise my agent that I have approved this copy they will be entitled to submit my return (or amended return) information using the Self Assessment Online Service.
Where your Tax Return (or amended Tax Return) contains a claim for a repayment and you require the repayment to be sent to your bank, building society or other nominee, the relevant question within the return (or amended return) must be completed. Please note the receipt of these nomination details included with the other return information received using the Online Service will be taken to be your formal approval to such a nomination for repayment purposes. Your signature confirms you have authorised HM Revenue & Customs to make any repayment arising from this return to the nominee as detailed above.
Signature ______ Date ________
Trust and Estate Tax Return 2021
– for the year ended 5 April 2021 (2020 21)
Tax reference
Issue address
Date 06/04/2021
SIMARY'S FOUNDATION
HM Revenue & Customs
Phone
This notice requires you by law to send us a tax return giving details of income and disposals of chargeable assets, and any documents we ask for, for the year 6 April 2020 to 5 April 2021. We’ve sent you this paper form to fill in, but you can also file the tax return online using our internet service (you will need to buy commercial software).
Make sure the tax return, and any documents we ask for, reach us by:
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31 October 2021 if you want us to calculate the trust’s or estate's tax or if you file a paper tax return, or both, or
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31 January 2022 if you file the return online
Whichever method you choose, the tax return and any documents asked for must reach us by the relevant deadline or we will charge an automatic penalty of £100.
If you file online, you have until 31 January to file the tax return and you’ll receive an instant on-screen acknowledgement telling you that we’ve received it. You can still file online even if we’ve sent you a paper tax return. To file online, go directly to our official website by typing www.gov.uk/taxreturnforms into your internet browser address bar. Do not use a search website to find HMRC services online.
If this return has been issued to you after 31 July 2021, then you must make sure that you fill it in and return it by the later of:
For Reference SIM002
Make sure your payment of any tax the trust or estate owes reaches us by 31 January 2022. Otherwise you’ll have to pay interest, and possibly a late payment penalty.
We may check the Trust and Estate Tax Return. There are penalties for supplying false or incomplete information.
Calculating the trust’s or estate’s tax
You can choose to calculate the trust or estate's tax. But if you do not want to, and providing we receive the return by 31 October 2021, we’ll work out the tax for you and let you know if there is tax to pay by 31 January 2022.
However , if you file later than 31 October 2021 or 3 months after the date this notice was given, see the Trust and Estate Tax Calculation Guide (sent with this return unless we know you have a tax adviser).
The Trust and Estate Tax Return – your responsibilities
We have sent you pages 1 to 12 of the tax return.
You might need other forms – 'supplementary pages' – if the trust or estate had particular income or capital gains. Use page 3 to check.
You are responsible for sending us a complete and correct return, but we’re here to help you get it right.
Ways we can help you:
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the Trust and Estate Tax Return Guide should answer most of your questions, go to www.gov.uk/taxreturnforms
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phone us on the number above
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the relevant dates above, or
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3 months after the date of issue
SA900 2021
HMRC 12/20
Page 1
INCOME AND CAPITAL GAINS for the year ended 5 April 2021
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Step 1 You may not have to answer all the questions in this tax return. Tick if this applies – read the 1) If you’re the trustee of a bare trust (except an unauthorised unit trust), that is, one in which notes in the beneficiary(ies) has/have an immediate and absolute title to both capital and income, you can the Trust go straight to Question 17 on page 10. Do not tick the box if you choose to complete the return.
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and Estate Tax Return 2) If you’re the personal representative of a deceased person and completing this tax return for a Guide period of administration and all the points below apply: ● all the income arose in the UK ● you do not want to claim relief (Questions 10A and 10B) ● no annual payments have been made out of capital (Question 11) ● all income has had tax deducted before you received it ● there are no accrued income profits or losses, no income from deeply discounted securities, gilt strips, company share buy-backs, offshore income gains, or gains on life insurance policies, life annuities or capital redemption policies where no tax is treated as having been paid on the gain
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● no capital payments or benefits have been received from a non-resident, dual resident or immigrating trust
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then, if you’ve made no chargeable disposals, go straight to Question 17 on page 10. If you’ve made chargeable disposals, answer Questions 5 and 6 at Step 2 and then Questions 17 to 22.
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3) If you’re the trustee of an interest in possession trust (one which is exclusively an interest in possession trust), and: ● no income arose to the trust, or ● all trust income is received directly by the beneficiary(ies), or ● all the income arose in the UK and has had tax deducted before you received it, or ● part of the income is received directly by the beneficiary(ies) and the part that is not received directly by the beneficiary(ies) comprises only income arising in the UK which has had tax deducted before you receive it
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and all of the following points apply – the answer will be 'No' in box 8.13 of Question 8 – there are no accrued income profits or losses, no income from deeply discounted securities, gilt strips, company share buy-backs, offshore income gains, or gains on life insurance policies, life annuities or capital redemption policies
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– you do not wish to claim reliefs (Questions 10A and 10B) – no annual payments have been made out of capital (Question 11) – no further capital has been added to the settlement (Question 12) – no capital payments have been made to, or for the benefit of, relevant children of the settlor during their lifetime (Question 15)
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– the trust has never been non-resident and has never received any capital from another trust which is, or at any time has been, non-resident (Question 16)
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then, if you’ve made no chargeable disposals, go straight to Question 17 on page 10. If you’ve made chargeable disposals, answer Questions 5 and 6 at Step 2 and then Questions 17 to 22. 4) If you’re the trustee of a charitable trust you must complete the charity supplementary pages as well as this form:
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if you’re claiming exemption from tax on all your income and gains, you can go straight
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to Question 7. You should answer Questions 10 and 11, if appropriate, and complete Questions 19, 20, and 22 X ● if you’re claiming exemption from tax on only part of your income and gains, you must
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answer Questions 1 to 9 for any income for which you’re not claiming exemption - you should answer Questions 10 and 11, if appropriate, and complete Questions 19, 20 and 22.
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5) In any other case, including if you’re the trustee of an unauthorised unit trust, you should go to Step 2.
Answer Questions 1 to 7 and 23 to check if you need supplementary pages to give details of particular Step 2 income or gains. The notes in the Trust and Estate Tax Return Guide will help. When you’ve answered Questions 1 to 7 and Question 23, answer Question 8.
Go to www.gov.uk/taxreturnforms to download any supplementary pages that you need. Make sure you download the supplementary pages for the Trust and Estate Tax Return.
SA900 2021
Page 2
INCOME AND CAPITAL GAINS for the year ended 5 April 2021
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Make sure you have the supplementary pages you
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Q1 Did the trust or estate make any profit or loss from a sole trade? need, tick the box below when you have got them Read the note for this box in the Trust and Estate Tax Return Guide Yes X Trust and estate trade X
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if you are the personal representative of a deceased Name at Lloyd's.
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Q2 Did the trust or estate make any profit or loss or have any other income from a partnership? Yes Trust and estate partnership
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Q3 Did the trust or estate receive any UK property income? Yes Trust and estate UK property Q4 Did the trust or estate receive any income from foreign companies or savings institutions, offshore funds or trusts abroad, land and property abroad, or make gains on foreign life insurance policies? Yes Is the trust or estate claiming relief for foreign tax paid on foreign income or gains, or relief from UK tax under a Double Taxation Agreement? Yes Trust and estate foreign
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Q5 Capital Gains Tax Did the trust or estate dispose of chargeable assets? Answer 'Yes' if the trust or estate disposed of chargeable assets and details of the gains or losses made are required in this return. Read the note for this box in the guide. Yes Answer 'Yes' if you want to make a claim or election for the year Yes Trust and estate capital gains
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Q6 Is the trust claiming to be not resident in the UK, or dual resident in the UK and another country for all or part of the year? Yes Trust and estate non-residence
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Q7 Is the trust claiming total or partial exemption from tax because of its charitable status? Yes Trust and estate charities
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Q23 Pensions – in the case of an estate, are there any tax charges and/or taxable lump sums? Read the note for this box in the guide. Yes Estate pension charges etc
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Q8 Read the notes for this question in the guide. Answer all the questions. Are you completing this tax return: No Yes – for a period of administration 8.1 X 8.2
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– as the trustee of an unauthorised unit trust 8.3 X 8.4 – as the trustee of an employment related trust 8.5 X 8.6
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– as the trustee of a Heritage Maintenance Fund 8.7 X 8.8
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– as the trustee of an Employer Financed Retirement Benefit Scheme (EFRBS)? If this happened during the return year enter the date the EFRBS first became operative in box 21.9 8.9 X 8.10
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If you’re a trustee: – can any settlor (or living settlor's spouse or civil partner) benefit from the capital or income? 8.11 X 8.12
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– are you a participator in an underlying non-resident company (a company that would be a close company if it were resident in the UK)? 8.13 X 8.14
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– is the trust liable to Income Tax at the special trust rates (the trust rate of 45% or the dividend trust rate of 38.1%) on any part of the income or would it be on any income above the standard rate band (for example, you have discretion about paying income to beneficiaries)? 8.15 X 8.16
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– has a valid vulnerable beneficiary election been made? 8.17 X 8.18
Step 3[Now fill in any supplementary pages before answering Questions 9 to 22, as directed.]
- Please use blue or black ink to fill in the Trust and Estate Tax Return. Please do not include pence. Round down income and gains. Round up tax credits and tax deductions. Round to the nearest pound.
SA900 2021
Page 3
INCOME for the year ended 5 April 2021
Q9 Did the trust or estate receive any other income not already If Yes, fill in boxes 9.1 to Yes included on the supplementary pages? 9.26 as appropriate.
If you wish, you may in the following circumstances leave blank some of boxes 9.1 to 9.26:
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a) if you’re the trustee of an interest in possession trust (one which is exclusively an interest in possession trust), you may exclude income which has had tax deducted before you received it unless
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(i) that income has not been received directly by the beneficiary and there are accrued income sheme losses to set against the interest or you’re claiming losses against general income, or
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(ii) its exclusion would make you liable to make a payment on account which would not be due if you included it – see page 15 of the Trust and Estate Tax Calculation Guide concerning payments on account before following this guidance
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b) if you’re the personal representative of a deceased person, you may exclude income which has had tax deducted before you received it unless there are accrued income scheme losses to set against the interest. If the reliefs claimed at Question 10A on page 6 exceed untaxed income, you will need to include estate income that has had tax deducted to make sure a repayment can be calculated
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Have you received any taxed income which you are not including in this
Trust and Estate Tax Return because (a) or (b) above apply? Yes
Interest and alternative finance receipts
Taxable amount
● Untaxed UK interest and alternative finance receipts – read the notes in the guide 9.1 £
● Taxed UK interest and alternative finance receipts
– read the notes in the guide
(do not include Property Amount after tax taken off Tax taken off Gross amount before tax
Income Distributions) 9.2 £ 9.3 £ 9.4 £
Taxable amount
● National Savings & Investments (other than First Option Bonds, Guaranteed Growth Bonds
and Guaranteed Income Bonds) 9.5 £
● National Savings & Investments, First
Option Bonds, Guaranteed Growth Taxable amount
Bonds and Guaranteed Income Bonds 9.6 £
● Other income from UK
savings and investments Amount after tax taken off Tax taken off Gross amount before tax
(except dividends) 9.7 £ 9.8 £ 9.9 £
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SA900 2021
Page 4
INCOME for the year ended 5 April 2021
Dividends
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● Dividends from UK companies (but
excluding Property Income Distributions
Total dividend
from UK Real Estate Investment Trusts or
Property Authorised Investment Funds) 9.10 £
● Dividend distributions from UK
Total dividend/distribution
authorised unit trusts and open-ended
investment companies 9.11 £
Total dividend
● Stock dividends from UK companies 9.12 £
● Bonus issues of securities and redeemable Taxable amount
shares and loans written off 9.13 £
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Gains on UK life insurance policies, life annuities and capital redemption policies
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Amount of gain
● on which no tax is treated as paid 9.14 £
Tax treated as paid Amount of gain
● on which tax is treated as paid 9.15 [£] 9.16 £
Other income
● Other income (including Property
Amount after tax taken off Tax taken off Gross amount before tax
Income Distributions from UK Real
Estate Investment Trusts or Property 9.17 £ 9.18 [£] 9.19 £
Authorised Investment Funds)
Losses brought forward Losses used in 2020–21
9.20 [£] 9.21 £
2020–21 losses carried forward
9.22 [£]
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Deemed income – read the notes in the guide
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Taxable amount
9.23 £ 9.23
Taxable amount
9.24 £
Taxable amount
box 9.25 not in use 9.26 £
9A.1 £
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Accrued Income Scheme profits and deeply discounted securities
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Other deemed income etc
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Company purchase of its own shares
Q9A Standard rate band
- Amount of standard rate band – read the notes in the guide
SA900 2021
Page 5
OTHER INFORMATION for the year ended 5 April 2021
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If Yes, fill in boxes 10.1A to
Q10A Do you want to claim any reliefs or have you made 10.7A and/or 10.1B to 10.1C as
any annual payments, or patent royalty payments? Yes appropriate. If not applicable,
go to question 11.
Amount of payment
● [ Personal representatives: interest on loans and payments made under alternative ]
finance arrangements to pay Inheritance Tax 10.1A [£]
Amount of payment Tax taken off Gross amount
● Trustees: annual payments 10.2A [£] 10.3A [£] 10.4A [£]
Amount of payment Tax taken off Gross amount
● Trustees: patent royalties 10.5A [£] 10.6A [£] 10.7A [£]
Q10B Do you want to claim special Income Tax treatment where a valid If Yes, fill in box 10.1B. If not
vulnerable beneficiary election has effect? Yes applicable, go to question 11.
● [ Amount of relief claimed] 10.1B [£]
Q10C Employee Benefit Trusts – do you want to claim relief for If Yes, fill in box 10.1C. If not
discretionary employment income payments? Yes applicable, go to question 11.
● [ Amount of relief claimed ][– read the] [notes in] [the guide] 10.1C £
Q11 Were any annual payments made out of capital or out of If Yes, fill in boxes 11.1 to 11.3
income not brought into charge to Income Tax? Yes as appropriate. If not applicable,go to question 12.
Amount of payment Tax taken off Gross amount
● Annual payments 11.1 £ 11.2 £ 11.3 £
If you’re a personal representative, go to Question 17. Do not fill in Questions 12 to 16.
If Yes, fill in boxes 12.1 to 12.9
Q12 Have any assets or funds been put into the trust in year 2020–21? Yes as appropriate. If not applicable,
go to question 13.
Settlor's name and address Description of asset
12.1 12.2
Postcode
Value of asset
12.3 £
Settlor's name and address Description of asset
12.4 12.5
Postcode
Value of asset
12.6 £
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SA900 2021
Page 6
OTHER INFORMATION for the year ended 5 April 2021
Q12 Continued
| Q12 Continued |
Q12 Continued |
Q12 Continued |
Q12 Continued |
Q12 Continued |
Q12 Continued |
Q12 Continued |
Q12 Continued |
Q12 Continued |
Q12 Continued |
|
|---|---|---|---|---|---|---|---|---|---|---|
| Value of asset Settlor's name and address Description of asset 12.7 Postcode 12.8 12.9 £ If you ticked box 8.15 in Question 8, on page 3, do not complete this page – please go to Question 16 on page 9 and carry on filling in the tax return. If you have ticked box 8.16 in Question 8, on page 3, complete Questions 13 to 15A. Otherwise, go to Question 16. |
Value of asset Settlor's name and address Description of asset 12.7 Postcode 12.8 12.9 £ |
|||||||||
| 12.7 | ||||||||||
| Postcode | ||||||||||
| 12.9 | £ | |||||||||
| If you ticked box 8.15 in Question 8, on page 3, do not complete this page – please go to Question 16 on page 9 and carry on filling in the tax return. If you have ticked box 8.16 in Question 8, on page 3, complete Questions 13 to 15A. Otherwise, go to Question 16. |
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| Q13 | If Yes, fill in boxes 13.7 to 13.21 below. Otherwise, fill in boxes 13.19 to 13.21 only. Yes Is any part of the trust income not liable to tax at the special trust rates? |
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| Total of column above 13.21 £ 13.20 £ 13.19 £ 13.18 £ 13.17 £ 13.14 £ 13.13 £ 13.12 £ 13.11 £ 13.8 £ 13.7 £ Boxes 13.1 to 13.6, 13.9, 13.10, 13.15 and 13.16 are not being used Income to beneficiaries whose entitlement is not subject to the trustees' (or any other person's) discretion ●Amount of income chargeable at the dividend ordinary rate ●Trust management expenses applicable to the income in box 13.7 ●Amount of income chargeable at the basic rate ●Trust management expenses applicable to the income in box 13.11 Income allocated to specific purposes ●Amount of income chargeable at the dividend ordinary rate ●Trust management expenses applicable to the income in box 13.13 ●Amount of income chargeable at the basic rate ●Trust management expenses applicable to the income in box 13.17 Trust management expenses ●Total amount of deductible trust management expenses – read the notes in the guide ●Expenses set against income not liable at the special trust rates ●Total income not liable to UK Income Tax and not included elsewhere on this Trust and Estate Tax Return (non-resident trusts only) |
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| Q13A |
If Yes, complete box 13A.1. If not applicable, go to question 14. Yes Is this a settlor-interested trust where part of the income is not settlor-interested? Complete box 13A.1 only if you have ticked both boxes 8.12 and 8.16 and part of the trust income, which is liable at the special trust rates, is not settlor-interested. |
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| 13A.1 £ ●Amount of tax pool applicable to income that is not settlor-interested– read the notes in the guide |
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| 13A.1 £ ●Amount of tax pool applicable to income that is not settlor-interested– read the notes in the guide |
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| 13A.1 | £ | |||||||||
SA900 2021
Page 7
OTHER INFORMATION for the year ended 5 April 2021
- If you ticked box 8.15 in Question 8, on page 3, do not complete this page – please go to Question 16 on page 9 and carry on filling in the tax return. If you have ticked box 8.16 in Question 8, on page 3, complete Questions 13 to 15A. Otherwise, go to Question 16.
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Q14 Have discretionary payments of income been made If Yes, fill in boxes 14.1 to 14.15 as
Yes appropriate. Otherwise, fill in box
to beneficiaries? Trustees of Heritage Maintenance Funds: do not
14.15 only.
complete these boxes for expenditure on heritage property.
Read the notes on this section in the guide before filling in these boxes.
Name of beneficiary Net payment
Tick the box if the
14.1 14.2 £ beneficiary was a
relevant child of the
14.3 14.4 £ settlor and the settlor
was alive when
payment was made.
14.5 14.6 £
14.7 14.8 £
14.9 14.10 [£]
14.11 14.12 [£]
14.13 14.14 [£]
● Amount, if any, of unused tax pool brought forward from last year (enter '0' if appropriate) 14.15 [£]
Q15 Have the trustees made any capital payments to, or for
the benefit of, relevant children of the settlor If Yes, fill in box 15.1. If not
during the settlor's lifetime? Yes applicable, go to question 15A.
Amount paid
● Total capital payments to relevant children 15.1 £
If Yes, fill in boxes 15A.1 to
Q15A Were there capital transactions between the trustees and Yes 15A.12 as appropriate. If not
the settlors? applicable, go to question 16.
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Capital transactions between the trustees and settlors read the notes on this section in the guide
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and enter the name(s) of the settlor(s) in the 'Additional information' box, box 21.9
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Date Amount Name of company (if appropriate)
15A.1 / / 15A.2 [£] 15A.3
Registered office
15A.4
Postcode
Date Amount Name of company (if appropriate)
15A.5 / / 15A.6 [£] 15A.7
Registered office
15A.8
Postcode
Date Amount Name of company (if appropriate)
15A.9 / / 15A.10 [£] 15A.11
Registered office
15A.12
Postcode
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SA900 2021
Page 8
OTHER INFORMATION for the year ended 5 April 2021
Q16 Has the trust at any time been non-resident or received any capital If Yes, read the notes on this from another trust which is, or at any time has been, non-resident? Yes section in the Trust and Estate Tax Return Guide and, if appropriate, If Yes, have the trustees made any capital payments to, or provided fill in box 16.1. If not applicable, Yes any benefits for, the beneficiaries? go to question 17. ● Total capital payments or value of benefits provided 16.1 £
- Total capital payments or value of benefits provided
Please give details of the payments in box 16.1 in the boxes below. If there are insufficient boxes please provide the additional details on a separate sheet.
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Name of beneficiary Name of beneficiary
16.2
Address of beneficiary Address of beneficiary
16.4 16.5
Postcode Postcode
Amount/value of payment/benefit Amount/value of payment/benefit
16.6 £ 16.7 £
Name of beneficiary Name of beneficiary
16.8 16.9
Address of beneficiary Address of beneficiary
16.10 16.11
Postcode Postcode
Amount/value of payment/benefit Amount/value of payment/benefit
16.12 £ 16.13 [£]
Name of beneficiary Name of beneficiary
16.14 16.15
Address of beneficiary Address of beneficiary
16.16 16.17
Postcode Postcode
Amount/value of payment/benefit Amount/value of payment/benefit
16.18 £ 16.19 [£]
16.3
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If you’ve received capital from any other trust which is, or at any time has been, non-resident please provide the following details. Name of trust Date trust set up 16.20 16.21 / / Address of trustee Amount of value received 16.22 16.23 £ Postcode
SA900 2021
Page 9
OTHER INFORMATION for the year ended 5 April 2021
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If Yes, do it now and then fill in
Q17 Do you want to calculate the tax? Yes X boxes 17.1 to 17.10 below.
To get the Trust and Estate Tax Calculation Guide, go to www.gov.uk/taxreturnforms
● Total tax due for 2020–21 before you made any payments on account
(put the amount in brackets if an overpayment) 17.1 £ 0.00
● Tax due for earlier years 17.2 £
● Tick box 17.3 if you’ve calculated tax overpaid for earlier years and
enter the amount in box 17.4 17.3 17.4 £
● Tick box 17.5 if you’re making a claim to reduce your payments on Tick box 17.6 if you do
account. Enter your reduced payment in box 17.7 and say why in not need to make
the 'Additional information' box, box 21.9 17.5 payments on account 17.6 X
● Your first payment on account for 2021–22 (include the pence) 17.7 £
● Tick box 17.8 if you’re claiming a repayment of 2021–22 tax now
and enter the amount in box 17.9 17.8 17.9 £
● Pension charges due – enter the amount from box 27 of the Working Sheet in the Notes
on Estate Pension Charges etc 17.10 [£]
Q18 If the trust or estate has paid too much tax do you want to If Yes, fill in boxes 18.1 to 18.12
Yes as appropriate. If not applicable,
claim a repayment? go to question 19.
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- (If you do not tick 'Yes', or the tax overpaid is below £10, we’ll use the amount you’re owed to reduce the next tax bill.)
If the tax has been paid by credit or debit card, we will always try to repay back to the card first before making any repayment as requested below.
-
Should the repayment (or payment) be sent:
-
to your bank or building society account? 18.1
-
Tick box 18.1 and fill in boxes 18.3 to 18.7
-
to your nominee's bank or building society Tick box 18.2 and fill in 18.2
-
boxes 18.3 to 18.7 and boxes 18.9A to 18.12 as required
-
If you do not have a bank or building society account,
-
read the notes for this question in the guide, tick box 18.8A 18.8A
-
● If you would like a cheque to be sent to your nominee, tick box 18.8B and fill in boxes 18.9A to 18.12 as required 18.8B ● If your nominee is your adviser, tick box 18.9A 18.9A
Name of bank or building society 18.3 Name of account holder 18.4 Branch sort code 18.5
Account number 18.6 Building society reference 18.7
Adviser's reference for you (if your nominee is your adviser)
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18.9B
I authorise
Name of your nominee or adviser
18.10
Address of nominee or adviser
18.11
Postcode
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to receive on my behalf the amount due
18.12 This authority must be signed by you. A photocopy of your signature will not do. Signature
SA900 2021
Page 10
OTHER INFORMATION for the year ended 5 April 2021
Q19 Please provide a daytime phone number in case we need to contact you with any questions about the information you have provided in this return or in the Trust Register For more information about the Trust Register, go to www.gov.uk/trusts-taxes/registering-a-trust
-
Your daytime phone number (including the area code) 19.1
-
Q20 You have a responsibility to ensure the information you have supplied on the Trust Register is accurate and up to date to the best of your knowledge and belief.
-
Tick this box if there have been any changes or additions to the people associated with the trust, and you’ve provided the updated details on the Trust Register 20.1
-
or you’ve confirmed on the Trust Register that there have been no changes to the trust.
-
These people include trustees, personal representatives, beneficiaries, members of the class of beneficiaries, settlors, protectors, agents or any other natural person exercising effective control over the trust.
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Q21 Other information
Date
● If you’re completing this Trust and Estate Tax Return as a personal representative,
please enter in box 21.1 the date of death of the deceased. 21.1 / /
Date
● If the administration period ceased in the year to 5 April 2021, please enter in box 21.2
the date of cessation. 21.2 / /
● If the administration period ceased in the year to 5 April 2021 and there is a trust created by the deceased’s
will or the rules of intestacy that apply in England & Wales, please tick box 21.3. Read the notes in the guide. 21.3
● If you are a trustee and the trust was terminated in the year to 5 April 2021 please enter in
box 21.4 the date of termination and, in the 'Additional information' box, box 21.9, the Date
reason for termination. 21.4 / /
● If this Trust and Estate Tax Return contains any figures that are provisional because you do not
yet have final figures, please tick box 21.5. Read the notes for this question in the guide. 21.5
● If any 2020–21 tax was refunded directly by the HM Revenue and Customs office, or (personal
representatives only) by the Jobcentre Plus (in Northern Ireland, the Social Security Agency), Amount
please enter the amount in box 21.6. Do not include any refunds of excessive payments on
account or any Gift Aid repayments claimed from HMRC Charities. 21.6 £
● I declare that all coronavirus support payments such as Coronavirus Job Retention Scheme
received in the period of this tax return have been included as taxable income when calculating profits
Read the notes for this question in the guide. 21.6A
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Incorrectly claimed coronavirus support scheme payments
Only fill in this section if you incorrectly claimed any payments from the Coronavirus Job Retention Scheme, Eat Out to Help Out Scheme or from any other applicable HMRC coronavirus support scheme and you still need to tell HMRC. Read the notes in the Trust and Estate Tax Return Guide.
- Amount of HMRC coronavirus support scheme payments incorrectly claimed
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21.6B [£]
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- Disclosure of tax avoidance schemes
Read the notes about boxes 21.7 and 21.8 in the Trust and Estate Tax Return Guide.
Scheme reference number or promoter reference number
Tax year in which the expected advantage arises – year ended 5 April
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21.7 21.8
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Please do not include any changes of circumstances (for example, name and address) relating to the lead trustee, other trustees, settlors, beneficiaries, class of beneficiaries, protectors, agents or any other natural person exercising effective control over the trust in box 21.9.
SA900 2021
Page 11
OTHER INFORMATION for the year ended 5 April 2021
21.9 Additional information
Q22 Declaration
I have filled in and am sending back to you the following Trust and Estate Tax Return pages:
1 to 12 of this form X Trust and estate UK property Trust and estate non-residence Trust and estate trade X Trust and estate foreign 1 TO 12 OF THIS FORM Trust and estate charities Trust and estate partnership Trust and estate capital gains Estate pension charges etc Before you send the completed tax return back you must sign the statement below. If you give false information or conceal any part of trust or estate income or chargeable gains, you may be liable to financial penalties and/or you may be prosecuted. 22.1 The information I have given in this tax return is correct and complete to the best of my knowledge and belief. Signature Date ● Please print your name in box 22.2 ● Enter the capacity in which you’re signing in box 22.3 22.2 22.3
22.1 The information I have given in this tax return is correct and complete to the best of my knowledge and belief.
SA900 2021
Page 12
TRUST AND ESTATE TRADETrust and Estate Trade – for the year ended 5 April 2021 (2020 21)
Name of trust or estate
SIMARY'S FOUNDATION
Tax reference
The Notes tell you when you need to complete more than one set of ‘Trust and Estate Trade’ pages. You must complete a separate copy of these pages for each trade and for each set of accounts relating to the basis period. Box numbers 1.9, 1.82 and 1.94 to 1.96 are not used on these pages . To get notes and helpsheets that will help you fill in this form, go to www.gov.uk/taxreturnforms
| Business details | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name of business | Description of business | ||||||||||||||||||||
| 1.1 SIMARY'S FOUNDATION |
1.2 CHARITY |
||||||||||||||||||||
| Address of business | |||||||||||||||||||||
| 1.3 | |||||||||||||||||||||
| Accounting period | |||||||||||||||||||||
| Please read the notes before filling | in these boxes. | ||||||||||||||||||||
| Start | End | ||||||||||||||||||||
| Postcode | / / 1.4 01 01 21 |
1.5 | 31 | / | 12 | / | 21 | ||||||||||||||
| ●Tick box 1.6 if the details in boxes 1.1 or 1.3 have | ● | Tick box 1.11 if the accounts do not | cover | the | |||||||||||||||||
| changed since the last Trust and Estate Tax Return | 1.6 | period from the last accounting date | (explain | ||||||||||||||||||
| 1.8 1.7 ●Date started if after 5 April 2020 ●Date ceased if before 6 April 2021 |
/ / |
/ / |
● | why in the 'Additional information' box, box 1.116 on page TT 4) Tick box 1.12 if the accounting date has changed (only if this is a permanent change and you want it to count for tax) |
1.12 1.11 |
||||||||||||||||
| ● | Tick box 1.13 if this is the second or | additional | |||||||||||||||||||
| ●Tick box 1.10 if you entered details for all relevant accounting periods on last year's Trust and Estate Tax Return and boxes 1.14 to 1.73 and 1.99 to |
change (explain in box 1.116 on page TT 4 why you have not used the same date as last year) |
1.13 | |||||||||||||||||||
| 1.115 will be blank | 1.10 | ● | Tick box 1.13A if you | used cash basis, money | |||||||||||||||||
| actually received and paid out to calculate your income and expenses |
1.13A | ||||||||||||||||||||
| Capital allowances and balancing charges | |||||||||||||||||||||
| ●Capital allowances at 18% on equipment including | cars | with lower | Capital | allowances | Balancing charges | ||||||||||||||||
| CO2 emissions | £ 1.14 |
1.15 | £ | ||||||||||||||||||
| ●Capital allowances at 6% on equipment including cars with higher | |||||||||||||||||||||
| CO2emissions | £ 1.16 |
1.17 | £ | ||||||||||||||||||
| ●Electric charge-point allowance | £ 1.18 |
1.19 | £ | ||||||||||||||||||
| ●The Structures and Buildings Allowance (you must hold a valid allowance | |||||||||||||||||||||
| statement – read the notes for details on how | much you can claim per | £ 1.18A year) |
|||||||||||||||||||
| ●100%, enhanced and other capital allowances | £ 1.20 |
1.21 | £ | ||||||||||||||||||
| ~~total of column above~~ | ~~total of column above~~ | ||||||||||||||||||||
| Total capital allowances/balancing charges | £ 1.22 |
1.23 | £ | ||||||||||||||||||
| ●Tick box 1.22A if box 1.22 includes enhanced capital allowances for | |||||||||||||||||||||
| designated environmentally beneficial plant and machinery | 1.22A |
Income and expenses
If the annual turnover was £30,000 or more, ignore boxes 1.24 to 1.26. Instead, fill in page TT 2.
-
If the annual turnover was below £30,000, fill in boxes 1.24 to 1.26 instead of page TT 2 . Please read the notes.
-
Turnover including other business receipts and goods taken for personal use and balancing charges from box 1.23
-
Expenses allowable for tax including capital allowances from box 1.22
Net profit (put figure in brackets if a loss)
| 1.24 | £ | ||||||
|---|---|---|---|---|---|---|---|
| 1.25 | £ | ||||||
| ~~box~~ | ~~1.24~~ | ~~minus~~ | ~~box~~ | ~~1.25~~ | |||
| 1.26 | £ |
Page TT 1
SA901 2021
HMRC 12/20
You must fill in this page if the annual turnover was £30,000 or more – read the notes .
Income and expenses
| Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
|---|---|---|---|
| Tax adjustments to net profit or loss | |||
| ~~boxes 1.66 + 1.67 + 1.68~~ £ 1.69 ~~boxes 1.70 + 1.71~~ £ 1.72 ~~boxes 1.30 to 1.45~~ £ 1.66 £ 1.67 £ 1.68 £ 1.71 £ 1.70 ~~boxes 1.65 + 1.69 minus 1.72~~ £ 1.73 ●Disallowable expenses ●Goods taken for personal use and other adjustments (apart from disallowable expenses) that increase profits ●Balancing charges (from box 1.23) Total additions to net profit (deduct from net loss) ●Capital allowances (from box 1.22) ●Deductions from net profit (add to net loss) Net business profit for tax purposes(put figure in brackets if a loss) |
|||
| ~~b 165 169 i 172~~ | |||
| ~~oxes . + . mnus .~~ | |||
| 1.73 | £ |
Page TT 2
SA901 2021
You must fill in boxes 1.74 and 1.75 and all other boxes on this page that apply to the trust or estate .
Adjustments to arrive at taxable profit or loss
| Basis period starts | 1.74 |
/ / |
and ends | 1.75 | / / | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit or loss of this account for tax purposes (box 1.26 or box | 1.73) | 1.76 | £ | |||||||||||||
| Adjustment to arrive at profit or loss for this basis period | 1.77 | £ | ||||||||||||||
| ●Overlap profit brought forward | 1.78 |
£ |
●Overlap relief used this year | 1.79 | £ | |||||||||||
| ~~box 1.78 minus box 1.79~~ | ||||||||||||||||
| ●Overlap profit carried forward | 1.80 | £ | ||||||||||||||
| ●Averaging for farmers and creators of literary or | artistic works (read the notes if you | |||||||||||||||
| made a loss for 2020–21) | 1.81 | £ | ||||||||||||||
| Net profit for 2020–21 (if a loss, enter | '0') | 1.83 | £ | 0 | ||||||||||||
| Allowable loss for 2020–21 (if a profit, | enter '0') | 1.84 | £ | 0 | ||||||||||||
| ●Loss offset against other income for | 2020–21 | 1.85 | £ | |||||||||||||
| ●Loss – calculate relief by reference to | earlier years | 1.86 | £ | |||||||||||||
| ●Loss to carry forward (that is, an allowable | loss | |||||||||||||||
| not claimed in any other way) | 1.87 | £ | ||||||||||||||
| ●Losses brought forward from earlier | years | 1.88 | £ | |||||||||||||
| ●Losses brought forward from earlier | years used this year | 1.89 | £ | |||||||||||||
| ~~box~~ | ~~1.83 minus box 1.89~~ | |||||||||||||||
| Taxable profit after losses brought forward | 1.90 | £ | 0 | |||||||||||||
| ●Any other business income | 1.91 | £ | ||||||||||||||
| ~~boxes 1.90 + 1.91~~ | ||||||||||||||||
| Total taxable profits from this business | 1.92 | £ | 0 | |||||||||||||
| ●Tick box 1.93 if the figure in box 1.92 is provisional | 1.93 | |||||||||||||||
| Subcontractors in the construction | industry | |||||||||||||||
| ●Deductions on payment and deduction statements from contractors | ||||||||||||||||
| _–_construction industry subcontractors only | 1.97 | £ | ||||||||||||||
| Tax taken off trading income | ||||||||||||||||
| ●Any tax taken off trading income (excluding deductions made by contractors on account of tax) | 1.98 | £ |
Page TT 3
SA901 2021
Summary of balance sheet
Leave these boxes blank if there is no balance sheet .
----- Start of picture text -----
■ Assets ● Plant, machinery and motor vehicles 1.99 £
● Other fixed assets (for example premises, goodwill,
investments) 1.100 £
● Stock and work in progress 1.101 £
● Debtors/prepayments/other current assets 1.102 £
● Bank/building society balances 1.103 £
total of boxes 1.99 to 1.104
● Cash in hand 1.104 £ 1.105 £
■ Liabilities ● Trade creditors/accruals 1.106 £
● Loans and overdrawn bank accounts 1.107 £
total of boxes 1.106 to 1.108
● Other liabilities 1.108 £ 1.109 £
box 1.105 minus box 1.109
■ Net business assets (put the figure in brackets if there were net business liabilities) 1.110 £
Represented by
Capital account
● Balance at start of period 1.111 £
● Net profit/(loss) 1.112 £
● Capital introduced 1.113 £
● Drawings 1.114 £
total of boxes 1.111 to 1.113
minus box 1.114
● Balance at end of period 1.115 £
----- End of picture text -----*
- If the capital account is overdrawn, or the business made a net loss, enter the figure in brackets.
1.116 Additional information
Now fill in any other supplementary pages that apply to you. Otherwise, go back to page 4 of the Trust and Estate Tax Return and finish filling it in.
Page TT 4
SA901 2021
TRUST AND ESTATE TRADETrust and Estate Trade – for the year ended 5 April 2021 (2020 21)
Name of trust or estate
SIMARY'S FOUNDATION
Tax reference
The Notes tell you when you need to complete more than one set of ‘Trust and Estate Trade’ pages. You must complete a separate copy of these pages for each trade and for each set of accounts relating to the basis period. Box numbers 1.9, 1.82 and 1.94 to 1.96 are not used on these pages . To get notes and helpsheets that will help you fill in this form, go to www.gov.uk/taxreturnforms
Business details
| Name of business | Description of business | Description of business | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.1 SIMARY'S FOUNDATION |
1.2 CHARITY |
|||||||||||
| Address of business | ||||||||||||
| 1.3 ST. MARY'S CENTRE |
||||||||||||
| ELSWORTHY RD | Accounting period | |||||||||||
| LONDON | Please read the notes before filling in these boxes. | |||||||||||
| Start End |
||||||||||||
| Postcode NW3 3DJ |
1.5 / / 1.4 |
/ | / | |||||||||
| ●Tick box 1.6 if the details in boxes 1.1 or 1.3 have | ● | Tick box 1.11 if the accounts do not cover | the | |||||||||
| changed since the last Trust and Estate Tax Return | 1.6 | period from the last accounting date (explain | ||||||||||
| 1.8 1.7 ●Date started if after 5 April 2020 ●Date ceased if before 6 April 2021 |
/ / |
/ / |
● | why in the 'Additional information' box, box 1.116 on page TT 4) Tick box 1.12 if the accounting date has changed (only if this is a permanent change and you want it to count for tax) |
1.12 1.11 |
|||||||
| ● | Tick box 1.13 if this is the second or additional | |||||||||||
| ●Tick box 1.10 if you entered details for all relevant accounting periods on last year's Trust and Estate Tax Return and boxes 1.14 to 1.73 and 1.99 to |
change (explain in box 1.116 on page TT 4 why you have not used the same date as last year) |
1.13 | ||||||||||
| 1.115 will be blank | 1.10 | ● | Tick box 1.13A if you used cash basis, money | |||||||||
| actually received and paid out to calculate your income and expenses |
1.13A | |||||||||||
| Capital allowances and balancing charges | ||||||||||||
| ●Capital allowances at 18% on equipment including | cars | with lower | Capital allowances | Balancing charges | ||||||||
| CO2 emissions | 1.15 £ 1.14 |
£ | ||||||||||
| ●Capital allowances at 6% on equipment including cars with higher | ||||||||||||
| CO2emissions | £ 1.16 1.17 |
£ | ||||||||||
| ●Electric charge-point allowance | £ 1.18 1.19 |
£ | ||||||||||
| ●The Structures and Buildings Allowance (you must hold a valid allowance | ||||||||||||
| statement – read the notes for details on how | much you can claim per | £ 1.18A year) |
||||||||||
| ●100%, enhanced and other capital allowances | 1.21 £ 1.20 |
£ | ||||||||||
| ~~total of column above~~ ~~total of column above~~ |
||||||||||||
| Total capital allowances/balancing charges | 1.23 £ 1.22 |
£ | ||||||||||
| ●Tick box 1.22A if box 1.22 includes enhanced capital allowances for | ||||||||||||
| designated environmentally beneficial plant and machinery | 1.22A |
Income and expenses
If the annual turnover was £30,000 or more, ignore boxes 1.24 to 1.26. Instead, fill in page TT 2.
-
If the annual turnover was below £30,000, fill in boxes 1.24 to 1.26 instead of page TT 2 . Please read the notes.
-
Turnover including other business receipts and goods taken for personal use and balancing charges from box 1.23
-
Expenses allowable for tax including capital allowances from box 1.22
Net profit (put figure in brackets if a loss)
| 1.24 | £ | ||||||
|---|---|---|---|---|---|---|---|
| 1.25 | £ | ||||||
| ~~box~~ | ~~1.24~~ | ~~minus~~ | ~~box~~ | ~~1.25~~ | |||
| 1.26 | £ |
Page TT 1
SA901 2021
HMRC 12/20
You must fill in this page if the annual turnover was £30,000 or more – read the notes .
Income and expenses
| Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
Put the total of boxes 1.30 to 1.45 in box 1.66 below £ 1.48 £ 1.32 £ 1.47 £ 1.31 £ 1.46 1.28 1.27 £ 1.29 £ 1.30 £ 1.50 ~~box 1.29 minus~~ (boxes 1.46 + 1.47 + 1.48) £ 1.49 £ 1.33 £ 1.51 £ 1.34 £ 1.35 £ 1.36 £ 1.37 £ 1.38 £ 1.39 £ 1.40 £ 1.41 £ 1.42 £ 1.43 £ 1.44 £ 1.45 £ 1.52 £ 1.53 £ 1.54 £ 1.55 £ 1.56 £ 1.57 £ 1.58 £ 1.59 £ 1.60 £ 1.61 £ 1.62 £ 1.63 ~~total of boxes 1.51 to 1.63~~ £ 1.64 ~~boxes 1.49 + 1.50 minus 1.64~~ £ 1.65 If the trust or estate was registered for VAT, do the figures in boxes 1.29 to 1.64 include VAT?or exclude VAT? Sales/business income (turnover) Disallowable expenses included in boxes 1.46 to 1.63 Total expenses ●Cost of sales ●Construction industry subcontractor costs ●Other direct costs Gross profit/(loss) Other Income/profits (including CJRS grants and other coronavirus grants)– read the notes ●Employee costs ●Premises costs ●Repairs ●General administrative expenses ●Motor expenses ●Travel and subsistence ●Advertising, promotion and entertainment ●Legal and professional costs ●Bad debts ●Interest and alternative finance payments ●Other finance charges ●Depreciation and loss/(profit) on sale ●Other expenses Total expenses Net profit/(loss) |
|---|---|---|---|
| Tax adjustments to net profit or loss | |||
| ~~boxes 1.66 + 1.67 + 1.68~~ £ 1.69 ~~boxes 1.70 + 1.71~~ £ 1.72 ~~boxes 1.30 to 1.45~~ £ 1.66 £ 1.67 £ 1.68 £ 1.71 £ 1.70 ~~boxes 1.65 + 1.69 minus 1.72~~ £ 1.73 ●Disallowable expenses ●Goods taken for personal use and other adjustments (apart from disallowable expenses) that increase profits ●Balancing charges (from box 1.23) Total additions to net profit (deduct from net loss) ●Capital allowances (from box 1.22) ●Deductions from net profit (add to net loss) Net business profit for tax purposes(put figure in brackets if a loss) |
|||
| ~~b 165 169 i 172~~ | |||
| ~~oxes . + . mnus .~~ | |||
| 1.73 | £ |
Page TT 2
SA901 2021
You must fill in boxes 1.74 and 1.75 and all other boxes on this page that apply to the trust or estate .
Adjustments to arrive at taxable profit or loss
| Basis period starts | 1.74 |
/ / |
and ends | 1.75 | / / | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit or loss of this account for tax purposes (box 1.26 or box | 1.73) | 1.76 | £ | |||||||||||||
| Adjustment to arrive at profit or loss for this basis period | 1.77 | £ | ||||||||||||||
| ●Overlap profit brought forward | 1.78 |
£ |
●Overlap relief used this year | 1.79 | £ | |||||||||||
| ~~box 1.78 minus box 1.79~~ | ||||||||||||||||
| ●Overlap profit carried forward | 1.80 | £ | ||||||||||||||
| ●Averaging for farmers and creators of literary or | artistic works (read the notes if you | |||||||||||||||
| made a loss for 2020–21) | 1.81 | £ | ||||||||||||||
| Net profit for 2020–21 (if a loss, enter | '0') | 1.83 | £ | 0 | ||||||||||||
| Allowable loss for 2020–21 (if a profit, | enter '0') | 1.84 | £ | 0 | ||||||||||||
| ●Loss offset against other income for | 2020–21 | 1.85 | £ | |||||||||||||
| ●Loss – calculate relief by reference to | earlier years | 1.86 | £ | |||||||||||||
| ●Loss to carry forward (that is, an allowable | loss | |||||||||||||||
| not claimed in any other way) | 1.87 | £ | ||||||||||||||
| ●Losses brought forward from earlier | years | 1.88 | £ | |||||||||||||
| ●Losses brought forward from earlier | years used this year | 1.89 | £ | |||||||||||||
| ~~box~~ | ~~1.83 minus box 1.89~~ | |||||||||||||||
| Taxable profit after losses brought forward | 1.90 | £ | 0 | |||||||||||||
| ●Any other business income | 1.91 | £ | ||||||||||||||
| ~~boxes 1.90 + 1.91~~ | ||||||||||||||||
| Total taxable profits from this business | 1.92 | £ | 0 | |||||||||||||
| ●Tick box 1.93 if the figure in box 1.92 is provisional | 1.93 | |||||||||||||||
| Subcontractors in the construction | industry | |||||||||||||||
| ●Deductions on payment and deduction statements from contractors | ||||||||||||||||
| _–_construction industry subcontractors only | 1.97 | £ | ||||||||||||||
| Tax taken off trading income | ||||||||||||||||
| ●Any tax taken off trading income (excluding deductions made by contractors on account of tax) | 1.98 | £ |
Page TT 3
SA901 2021
Summary of balance sheet
Leave these boxes blank if there is no balance sheet .
----- Start of picture text -----
■ Assets ● Plant, machinery and motor vehicles 1.99 £
● Other fixed assets (for example premises, goodwill,
investments) 1.100 £
● Stock and work in progress 1.101 £
● Debtors/prepayments/other current assets 1.102 £
● Bank/building society balances 1.103 £
total of boxes 1.99 to 1.104
● Cash in hand 1.104 £ 1.105 £
■ Liabilities ● Trade creditors/accruals 1.106 £
● Loans and overdrawn bank accounts 1.107 £
total of boxes 1.106 to 1.108
● Other liabilities 1.108 £ 1.109 £
box 1.105 minus box 1.109
■ Net business assets (put the figure in brackets if there were net business liabilities) 1.110 £
Represented by
Capital account
● Balance at start of period 1.111 £
● Net profit/(loss) 1.112 £
● Capital introduced 1.113 £
● Drawings 1.114 £
total of boxes 1.111 to 1.113
minus box 1.114
● Balance at end of period 1.115 £
----- End of picture text -----*
- If the capital account is overdrawn, or the business made a net loss, enter the figure in brackets.
1.116 Additional information
Now fill in any other supplementary pages that apply to you. Otherwise, go back to page 4 of the Trust and Estate Tax Return and finish filling it in.
Page TT 4
SA901 2021
SIMARY'S FOUNDATION
UTR:
Tax Calculation for 2020-21 (year ended 5 April 2021)
| Non-savings and savings income £ |
Dividend income £ |
Total £ |
|
|---|---|---|---|
| Taxable income | 0 | 0 | 0 |
| Calculate tax charge | £ | £ | |
| Total income tax due | 0.00 0.00 |
||
| Calculate payments on account | £ | £ | |
| Income Tax due Amount due is less than £1,000. No payment on account is due. |
0.00 NIL |
||
| Summary of tax due | £ | ||
| Income Tax due Payment due by 31 January 2022 |
0.00 0.00 |
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