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TaxCalc Release Notes 2021

Article ID: 2015
Last updated: 20 Apr, 2021

Below are the Release Notes for TaxCalc 2021 releases. Click to see the Release Notes for 2013-2016 > 2017 > 2018 2019 > 2020

TaxCalc Product Update – Version 11.14.019 – Released on 20 April 2021

Please note: 

  • For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
  • This release may result in a change to the IR Mark for existing CT600 and SA100 returns.

Product summary

  • Tax Return Production
  • Accounts Production
  • Practice Manager
  • Practice Manager Plus
  • eSign Centre
  • VAT Filer
  • Company Incorporator

Tax Return Production

Compliance

  • Inclusion of new HMRC Exclusion 128, which affects the calculation of top slicing relief where losses have arisen.
  • Update to the Foreign Tax Credit Relief worksheet (form HS263) to reflect HMRC's latest version.
  • Update to Capital Allowances for Companies to include the new super deduction for general pool assets.
  • Update to Capital Allowances for Companies to include the new FYA rate for special pool assets.
  • Update to the Corporation Tax Computation to include Research & Development Expenditure Credit calculations where the R&D Supplementary pages have been completed.

General Maintenance

  • When BPRA is entered manually in the capital allowance grid, the amounts are now shown correctly on the CT600.
  • Capital allowances grid now correctly displays values when TaxCalc computations are not being used.
  • Capital allowances update to ensure that the 'WDA not claimed' box is only shown for Structures & Buildings Allowance assets.
  • Removal of iXBRL tagging of electric charge points for property businesses.
  • Update to help content for Corporation Tax Losses and Student/Postgraduate loans.
  • Fixed an issue where CGT51 (Adjustment to CGT) wasn't being taken into consideration in the calculations if it had been entered directly on the SA100.
  • Removed some wording relating to COVID that was no longer relevant on the Residence & Remittance wizard ('To be non resident in the UK').
  • Updated the Partnership Tax Return so that the 'short' form is now populated where the turnover falls below £85,000, without needing to 'refresh' the data.
  • Fixed a display issue on the SA302 to ensure that '10% tax credits on dividends from UK companies (not repayable) line' is displayed where there's an entry in 7.5 on the foreign pages (the overall calculation was correct).
  • Fixed an iXBRL tagging issue for the CT600 when there are coronavirus related entries made.
  • Fixed an issue for SA100 Self Employed pages when the net profits were lower than the SEISS payment. The overall calculation was correct but it was creating a spurious loss to carry forward.
  • Fixed an issue for SA100 Self Employed (Full) pages when a net loss had been calculated and there was a SEISS payment.

Accounts Production

General Maintenance

  • Resolved an issue whereby accounts created within TaxCalc and saved externally to be attached to a CT600 submission, were causing an error on submission to HMRC. (Message: cvc-complex-type 3.2.2 Attribute ‘IsNotSubmission’ is not allowed to appear in element ‘body’.)

Practice Manager

General Maintenance

  • Updated UI alignments in the work item status section in Admin Centre.

eSign Centre

General Maintenance

  • Removed the 100 character limit from both the eSign envelope and document name to assist with occasional issues when envelopes were not being saved.
  • You can now add Company Incorporator forms directly to an eSign envelope without manually saving the form.

VAT Filer

Compliance

  • Update to the flat rate schemes for the hospitality sector, following the announcement that reduced rates have been extended to 31 March 2022.

General Maintenance

  • Tidied up some general display issues on the non-practice user interface.

Company Incorporator

Compliance

  • Upon Incorporation, Companies House will now provide a document for the Memorandum of Association. This will be retrieved on successful incorporation and stored within TaxCalc for viewing.

Time

General Maintenance

  • Fixed a display issue on the WIP Overview screen where there are time logs relating to 'Work with no linked service' and also time logs relating directly to the client/business.

TaxCalc Product Update – Version 11.13.079 – Released on 23 March 2021

Please note: 

  • For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
  • This release may result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

  • Installation of this release will include the auto-creation of 2021 Tax Returns where 'auto-create work' was set on completion of the 2020 jobs and tasks. This will be performed in the background and will also link the 2021 Tax Return to the already existing job or task (for 2021). You can continue to use the software whilst the returns are being created, however, please note that the 2021 Tax Return may not be immediately available until this background process has been completed.

Product summary

  • Tax Return Production
  • Accounts Production
  • Practice Manager
  • Practice Manager Plus
  • eSign Centre
  • AML Centre
  • VAT Filer
  • Companies House Forms
  • Company Incorporator

Tax Return Production

SA100 & R40 – Individual Tax Return

  • Incorporation of the 2020/21 R40, SA100 Tax Return and associated supplementary pages for HMRC Forms Mode and SimpleStep. Including required updates to calculations, summaries, wizards, HMRC helpsheets and worksheets.
  • Update to the Annual Pension Allowance Wizard regarding the change to income thresholds for calculating the tapered annual allowance (including a change in the minimum tapered annual allowance).
  • New Annual Pension Allowance Wizard Summary for the 2021 tax year.
  • Improvements to the data entry for payments on account to ensure more flexibility relating to the Tax Payment/Repayment Summary.
  • 2021 Client Questionnaire is now available.
  • Inclusion of new API endpoints in Self-Assessment Pre-Population (Fetch) for off payroll working and SEISS payments.
  • Update to Capital Assets for the reduction of Business Asset Disposal Relief (previously Entrepreneur's Relief) from £10 million to £1 million.

SA800 – Partnership Tax Return

  • Incorporation of the 2020/21 SA800 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.
  • Updated SimpleStep for the 2021 tax year, including improvements to the partnership statement pages.

SA900 – Trust Tax Return

  • Incorporation of the 2020/21 SA900 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.

CT600 – Corporation Tax Return

  • Incorporation of the new CT600 version 3(2021) and the new CT600L Research and Development Supplementary pages.
  • Update to SimpleStep for the new boxes on form CT600 and Research and Development Supplementary pages.
  • Update to Chargeable Gains and Losses for requirements as set out in the Capital Losses Reform.
  • Update to the 2020 CT Taxonomy to include new tags relating to non-resident landlords and CT CGT losses.
  • Creative Tax Relief now includes data entry for 'Orchestra' and 'Museum and Galleries Exhibition' reliefs.

Capital Allowances

  • Annual Investment Allowance calculation update for the extension of the £1,000,000 limit to 31 December 2021.
  • New asset type for 'Zero emission cars'.
  • Increase in Structures & Buildings Allowance from 2% to 3% for Income Tax from 6 April 2020.
  • Update to the Structures & Buildings Allowances written down value to ensure that the amount is being updated to take into consideration allowances already claimed.

General Maintenance

(Unless otherwise stated, changes have been made for the 2021 tax year onward.)

SA100

  • TaxCalc Summary now correctly includes postgraduate loan amounts.
  • Self Assessment pre-population
  • Resolved an issue where, if a pension amount had been entered and the user then fetched pension income, the value entered in TaxCalc was not always displayed.
  • Enhancements have been made to the fetch screen for employments, so that any pension income that comes through as employment can be moved to the pension pages (this can sometimes be an issue, as not all pension providers inform HMRC that the income is from a pension).
  • Fixed a display issue where the client questionnaire was not showing foreign dividends and interest.
  • The address fields on the client questionnaire have been amended so as to display in a standard windowed envelope.
  • Company car information is now brought forward from the previous year, unless a disposal date has been entered.
  • Total amount of Business Asset Disposal Relief (previously Entrepreneur's Relief) previously claimed will now be carried forward to the next year's Tax Return.
  • Update to SimpleStep page for collection of tax through PAYE code to ensure that the box is always visible.
  • Annual pensions allowance wizard now takes into consideration flexible remuneration in the adjusted income calculations.
  • Fixed a display issue on Linux for Tax Return icons.
  • Validation messages should no longer appear when the Class 4 National Insurance exemption box has been ticked for taxpayers under the age of 16.

SA900

  • Update to boxes 14.15 and 17.7 to ensure that '0' can be entered and is retained

CT600

  • Research & Development Expenditure Credit (RDEC) carried forward will now be brought forward into the next year's return. Please note, however, that this only applies to new returns created on or after 6 April 2021, due to the introduction of the R&D Supplementary pages.
  • Additional wording included on the R&D creative expenditure screen to assist users in completion of the boxes.
  • Update to prevent CT600 period dates being edited if the return is already open.

Accounts Production

  • Transaction dates have been added to posting batches and individual postings. The dates will be displayed in the postings screen and a number of reports. There is a setting within Admin to allow for the dates to be visible or not.
  • It will now also be possible to import an optional transaction date when importing postings in .csv format, using a new 'Date' column, so that this information can be allocated against the posting in TaxCalc.
  • An additional account code (0571) has been created to record grant payments for Self-Employed Income Support Scheme (SEISS) received by individuals. Postings made to the new SEISS account code will be imported into the individual tax return (SA100) to ensure the new field is populated correctly.
  • Options added to customise the presentation of the names of e.g. Officers, Partners displayed in the financial statements. Options relate to preferences for display of title, initial, forenames and surname.

General Maintenance

  • For accounts prepared under FRS 105, the Gross Profit Percentage (where the option is selected) is now correctly displayed even when the ‘Tax on profit’ is excluded from the Trading Profit and Loss Account.
  • Resolved a pagination issue where the header for Accounting Policy was occasionally being duplicated. 
  • Resolved an issue where a bracket was being omitted from the company name.
  • Resolved an issue where an error relating to NameEntityOfficer was preventing electronic filing of LLP accounts to Companies House.

Practice Manager

  • Added the ability to create new clients on product access.
  • Added the ability to open a task using the task report.
  • Added the task 'start date' and 'completion date' to task reports as a field and filter.
  • Added the ability to remove suspended users from the user record in Admin.
  • Added the ability to report on the 2020/21 Tax Year in Report Manager and data mine.
     

General Maintenance

  • Resolved an issue whereby on occasion task reminders settings were displayed incorrectly.
  • The latest CT value is now always being displayed correctly in report fields and filters.
  • Security permissions are being applied to the bulk update tool for all instances.
  • Refreshing reports no longer creates a blank report.
  • Task progress filter in client selection is now displaying the client list.
  • Creating clients no longer sets the uncreated SA tax year statuses to 'In Progress'.
  • Added client address validation message to advise customers of the '50 characters per address' line limit .
  • Added client code validation message to advise multiple user environments that client codes must be unique.
  • The Encrypted PDF password for Companies House Forms is now being pre-populated from the client record.
  • UI updates to improve design and validations in regard to the client contact page and task dialogs.

Practice Manager Plus

  • Added the ability to create bulk SA tax returns using the bulk service wizard.
  • Added the job 'start date' and 'completion date' to task reports as fields and filters.
     

General Maintenance

  • Resolved an issue whereby on occasion job reminders settings were displayed incorrectly.
  • Recurrence settings for the task within the job are now displayed.
  • Resolved an issue where the job dialogs did not fit into the lower supported screen resolution.
  • The Action notification in all instances now displays the client name.
  • Recurring jobs (not using a template) now retain the assignee.
  • Opening a job using the job report now displays the job summary.
  • UI updates to improve design and validations in regard to job action validations and job dialogs.

eSign Centre

  • Improved the default filenames for all work items when attaching to an envelope, so that special characters are not included as standard.
  • Updated all instances of the eSign reminder email template to use the TaxCalc branding template and removed password reference.

General Maintenance

  • Date filters in the dashboard are now filtering the month and year.
  • All recipients are retained on saving unsent envelopes.
  • Recipients with multiple roles are no longer being displayed twice in the recipient table.
  • Resolved an issue whereby on occasion unsent envelopes were being locked.
  • Added validation to advise that a password encrypted document cannot be uploaded to eSign envelopes.
  • VAT HMRC Forms are now being correctly attached in the eSign envelope.

AML Centre

General Maintenance

  • AML Identity Check. A minor issue with 'Resume AML Check' for pending electronic verification has been resolved.
  • Resolved an issue where the Sanction record and PEP information were not being updated for a related party in Practice Manager for an identification.

VAT Filer

  • VAT Return system being decommissioned on 8 April 2021. Messaging and wording added advising customers of changes, including the creation of VAT Returns from 8 April 2021.
  • EC Sales List. New validation advising that EC Sales List are not required from GB traders.

General Maintenance

  • Update to descriptive wording for VAT Returns to ensure consistency throughout the screens.
  • EC Sales List. On creation of a new EC Sales List, the system now correctly defaults to 2021.
  • Resolved a display issue on Mac operating systems that occurred when opening a VAT Return.

Companies House Forms

General Maintenance

  • Shareholder's change section (D4), the continuation page on the Confirmation Statement will no longer display overlapping text.
  • The Companies House Sync wizard will no longer include officers who have resigned when filtered by 'Current Officers only'.
  • Companies House have updated the geographical names list to include: 'Alderney’, ‘Sark’, 'Herm' and ‘Eswatini’.

Company Incorporator

  • Companies House will be updating the electronic incorporation process, so a standard Memorandum of Association will be generated by them from information contained within the electronic incorporation submission. Therefore, from 19 May 2021 when Companies House make this change, the options in the software will be updated to no longer allow a bespoke Memorandum of Association to be included in electronic incorporations.

General Maintenance

  • Check and Finish warning that the directors' full date of birth will be disclosed on the public record when the directors' registers are set to be kept at Companies House on incorporation.
  • Companies House have updated the geographical names list to include: 'Alderney’, ‘Sark’, 'Herm' and ‘Eswatini’.

TaxCalc Product Update – Version 11.13.005 – Released on 24 February 2021

Please note: 

  • This release is available for a specific set of customers using WINDOWS machines only

  • For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product summary

  • TaxCalc General

TaxCalc General - DIAGNOSTIC RELEASE

We have identified that at least one computer in your practice is only having intermittent communication with our servers.

As a result, you will receive a notification in TaxCalc asking you to update your software immediately. 

The majority of the features in the TaxCalc software you currently use require a connection to our servers. This happens so that your software can be:

  • Activated, licensed and accessed
  • Receive in-app prompts for installations and updates
  • Communicate with other organisations such as HMRC and Companies House
  • Integrate with other applications, including bookkeeping and eSigning software.

With Making Tax Digital (MTD) initiatives requiring frequent connectivity with HMRC, there is now an increasing reliance on these connectivity features which not only ensure that you remain compliant but in full and accurate control of your client data.

Updating will not alter your current product's functionality. 

TaxCalc Product Update – Version 11.13.003 – Released on 09 February 2021

Please note: 

  • For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
  • This release may result in a change to the IR Mark on any existing V3 CT600 returns and in addition some SA100 returns, where Capital Gains Tax computations are present. Please see KB1304 for more information.

Product summary

  • Tax Return Production
  • VAT Filer
  • Companies House Forms

Tax Return Production

  • When using high volumes of information in some of the wizards in the CT600 Return, errors may have occurred. These are now resolved.

VAT Filer

  • Added messaging regarding the use of the EC Sales List post-Brexit. Submissions are no longer required for UK traders but are required where trading with Northern Ireland and the EU.
  • Added a warning message regarding submission of non-MTD VAT returns after 8 April 2021, when HMRC will decommission the use of their XML system for VAT Return filing. At that time, non-MTD VAT returns will not be possible via the software and only possible via the HMRC Business Tax Account.
  • Amended VAT Return box references following the UK's exit from the EU to include Northern Ireland references.

Companies House Forms

  • As a result of the UK leaving the EU (Brexit), electronic filing for the Officer Appointment and Change of Officer Details (for an individual) have been updated to ensure successful filing to Companies House. Specific forms affected are:
    • CH04 Change secretary details
    • CH01 Change director details
    • AP03 Appointment of secretary
    • AP01 Appointment of director
Article ID: 2015
Last updated: 20 Apr, 2021
Revision: 177
Views: 117045
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Also read
item TaxCalc Release Notes 2013 - 2016
item TaxCalc Release Notes 2019
item TaxCalc Release Notes 2017
item TaxCalc Release Notes 2018
item TaxCalc Release Notes 2020