To date we have carried a number of updates on exclusions from and issues with online self-assessment filing for 2016–17. HMRC have now provided details of a workaround for exclusion 60. Exclusion 60 may apply if a taxpayer has disposed of chargeable assets in 2016/17 which have resulted in no gain/no loss.

“Exclusion 60:

We have considered the options for Exclusions 60 and HMRC are endorsing the following workaround – where there is no overall gain or loss to enter in:

• both “Gains in the year, before losses” (box 6) and “Losses in the year” (box 7) on the Capital Gains section it is permissible for the software to support the entry of £0.01 in “Losses in the year” (box 7)
• both “Gains in the year, before losses” (box 17) and “Losses in the year” (box 19) on the Capital Gains section it is permissible for the software to support the entry of £0.01 in “Losses in the year” (box 19)
• both “Gains in the year, before losses” (box 26) and “Losses in the year” (box 27) on the Capital Gains section it is permissible for the software to support the entry of £0.01 in “Losses in the year” (box 27)
• both “Gains in the year, before losses” (box 34) and “Losses in the year” (box 35) on the Capital Gains section it is permissible for the software to support the entry of £0.01 in “Losses in the year” (box 35)

If this workaround is followed no additional tax will be due as this figure will be regarded as zero in the tax calculation. Software developers have also been notified of this workaround.”