Tax Return Production
New 2021/22 tax return forms Highlight
Keeping you compliant from the very start of the new tax year, Tax Return Production features new forms, calculations and wizards for SA100, SA800, SA900 and R40 tax returns.
Updates to the CT600 V3 – 2022 Highlight
We’ve included the latest rates and calculations for the new financial year and updated to the latest version of the Corporation Tax Return form and the supporting supplementary pages in line with HMRC’s latest requirements. Specific changes have been made to the following supplementary pages:
- CT600B – Controlled Foreign Companies
- CT600L – Research and Development
In addition to the new forms, we have further enhanced our Corporation Tax Computation to give greater detail within the Capital Allowances Schedules. The computation now includes an ‘Additions and Disposals Report’ to provide greater analysis of the final values.
New 'Non-resident landlord'
Following HMRC changes in April 2021, non-resident corporate landlords must now submit a CT600 instead of declaring the relevant information on a SA700. With this new option in Accounts Production, you can now produce Non-Companies Act specific FRS105 or FRS1021A accounts automatically and create the correct iXBRL file to attach along with the CT return.
Keeping you compliant without you even having to think about it, your software will automatically update to reflect the FRC and HMRC’s most recent iXBRL taxonomy specifications.
FRC 2021 Taxonomy – updated for periods after 31/03/2022 to use the 2021 taxonomy.
DPL 2021 Taxonomy – updated for periods after 31/03/2022 to use the DPL 2021 taxonomy.
We’ve taken care of rounding differences, so you don’t have to. We’ve introduced additional 'advanced rounding rules' to correct any rounding differences between ‘brought forward’ and ‘carried forward’ balances. This applies to:
- Profit and loss reserve (Ltd)
- Capital accounts (sole trader/partnership)
- Loans and other debts due to members (LLP)
- Share premium (Ltd)
- Revaluation reserve (Ltd, LLP)
- Capital redemption reserve (Ltd, LLP)
- Other reserves (Ltd, LLP)
- Fair value reserves (Ltd)
- Called up share capital (Ltd)
These groupings will be automatically adjusted to prevent discrepancies, removing the need to make manual adjustments – saving time and reducing the likelihood of errors in the financial statements.
Send letter to a single client from Client/Contact List
Need to send a quick letter to a client? Now you can generate any letter via mail merge straight from the client list for a single client in just a few clicks. Here’s how:
- Go to Clients/Contacts.
- Right-click on a client.
- Select 'Send Letter'.
- A dialog box displaying a list of Mail Merge Templates will appear.
- Select the relevant template and specify the tax year to populate your letter with the appropriate client data.
- Click ‘Send’ to generate a letter for your selected client.
Improved search for clients and contacts
We’ve made it easier to search through our database to locate both clients and contacts at the same time. Simply:
- Go to Clients/Contacts.
- Select the new 'Clients & Contacts' filter.
- Enter the relevant criteria into the search bar.
More clients means more data. So the need to search and find the right client easily becomes more and more important. This is a small improvement that can save a great deal of time.
Client tax questionnaire 2021/22 update
As we do every year, we’ve updated the client tax questionnaire for you to mail out to your clients in timely fashion and start the new tax year as you mean to go on – completely organised!