Below are the Release Notes for TaxCalc 2022 releases. Click to see the Release Notes for 2013-2016 > 2017 > 2018 > 2019 > 2020 > 2021
TaxCalc Product Update - version 12.2.108 - Released on 26th April 2022
Please note:
- For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update. If you experience problems with the in-app update you can log into the TaxCalc website and download the installer from “My Account” or please contact our Support team on support@taxcalc.com for further assistance.
- 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
Product summary
Accounts Production
- The PDF output of the Full Financial Statements of Registrar Financial Statements will display the page numbers correctly, without displaying a page number in the heading of the contents page.
- The multiple year trial balance will be displayed correctly without displaying 'unallocated amounts' where there are postings made to accounts which could have directors allocated to them.
TaxCalc Product Update - version 12.2.106 - Released on 31 March 2022
Please note:
- For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update. If you experience problems with the in-app update you can log into the TaxCalc website and download the installer from “My Account” or please contact our Support team on support@taxcalc.com for further assistance.
- 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.
Product summary
Accounts Production
- When importing from Accounts Production to the CT600 all figures will be imported as expected.
- For a limited company where the advanced rounding rules aren't applied, amounts relating to Directors current account/Directors loan account balances (5800, 5400, 5401, 5402) will be included in the balance sheet and associated notes as expected.
- Existing CT600 returns will no longer show an unexpected check and finish warning relating to non-resident landlords.
TaxCalc Product Update - version 12.2.101 - Released on 28 March 2022
Please note:
Product summary
- Tax Return Production
- Accounts Production
- Communication Centre
- Practice Manager
- Companies House Forms
- eSign Centre
Tax Return Production
Updates to the transaction headers used when communicating with HMRC have been performed in line with the latest HMRC requirements.
SA100 & R40 – Individual Tax Return
- Incorporation of the 2021/22 R40, SA100 Tax Returns and associated supplementary pages for HMRC Forms Mode and SimpleStep. Including required updates to calculations, summaries, wizards, HMRC helpsheets and worksheets.
- 2022 Client Questionnaire is now available.
SA800 – Partnership Tax Return
- Incorporation of the 2021/22 SA800 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.
- Updated SimpleStep for the 2022 tax year.
SA900 – Trust Tax Return
- Incorporation of the 2021/22 SA900 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.
CT600 – Corporation Tax Return
- Incorporation of the updated CT600, version 3(2022) form.
- Incorporation of the updated CT600L, Research and Development Supplementary pages.
- Updated SimpleStep for inclusion of the new boxes on the CT600 and CT600L Research and Development Supplementary pages.
Capital Allowances
- Annual Investment Allowance calculation update for the extension of the £1,000,000 limit to 31 March 2023.
- New asset types for 'Zero emission cars' and 'Freeport Structures & Buildings Allowances' for Self Assessment Individual and Partnership Tax Returns.
- New additions and disposals report included on the Corporation Tax computation for Corporation Tax periods ending on or after 1 April 2021.
- Corporation Tax Capital Allowances manual grid for trading and property companies now includes separate boxes for super deduction and special rate first year allowance claims.
General Maintenance
Unless otherwise stated, changes have been made for the 2022 tax year onward.
SA100
- General presentation improvements and additional fields for new Capital Allowances categories made to the self employment summary.
SA900
- Updated the validation message relating to total taxable gains to ensure that all gain boxes are included to avoid errors.
CT600
- Resolved a filing issue where a low emission car was purchased during the year and there was a general pool.
- Resolved some general issues relating to the Corporation Tax Capital Allowances manual grid.
Accounts Production
- Prepare non-resident landlord company accounts with non-Companies act specific FRS105 or FRS1021A accounts, to create the iXBRL accounts for submissions to HMRC.
- The FRC 2021 and DPL 2021 iXBRL taxonomies have been updated for periods ending after 31 March 2022 for submissions to both Companies House and HMRC.
- Rounding enhancements have been made for new accounting periods, additional 'Advanced rounding rules' will be applied, correcting more rounding differences between 'brought forward' and 'carried forward' balances in the following accounts:
- Profit and loss reserve (Ltd)
- Capital accounts (sole trader/partnerships)
- Loans and other debts due to members (LLP)
- Reserves
- 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)
To apply the additional advanced rounding rules to existing accounting periods, within the posting screen an option is available: 'Apply latest updates to advanced rounding rules'.
- The Partner’s profit allocation notes screen will display the unrounded profit that can be allocated to members, rather allocating the rounded profit.
- LLP rounding updates have been made to prevent discrepancies within the reconciliation of members interests and the balance sheet not balancing.
General Maintenance
- The presentation of the declarations at the foot of the Balance Sheet have been updated for Limited Companies and LLPs.
- Accountant's reports for ICAS have been updated as per the new ICAS guidance.
- The accountant’s reports have been updated to include a standardised formatting of space for signatures for all business types.
- Check and Finish now includes a validation message where a Balance Sheet does not balance for Sole Trader and Partnerships.
- A Check and Finish message has been added to highlight a situation where an account in the range 6100 to 6104 has a debit balance, as alternative codes exist in the chart of accounts for Deferred tax assets (account codes 4460 and 4560).
- The Balance Sheet for LLPs applying FRS 105 has been updated to remove postings to account 3580 and 3581 from the calculation of Profit & Loss account.
- Director’s advances, credits and guarantee note will display the director's details correctly without duplication where there has been a change to the director’s personal details.
- Financial statements will export correctly in portrait rather than landscape where the date column is included on the Audit trail/Nominal ledger.
- Postings to provisions and liabilities, deferred tax (account code range 6100 to 6104) will be displayed correctly in the notes to the financial statements where there is a debit balance in the previous year and a credit balance in the current year.
- An issue causing the dividend note to not display the comparative dividend if there are no dividends paid in the current year has been resolved.
- Resolved an issue where the financial statements displayed page numbers on the cover page.
- Opening balances will correctly be brought forward where postings are allocated to a corporate director.
- Importing a trial balance from Xero connects to the correct client, rather than connecting to a different/previously selected client.
- Disconnecting a client from a third party bookkeeping provider (Xero/FreeAgent/QuickBooks) will successfully disconnect without crashing.
- The review screen before exporting the journal into FreeAgent will display account codes and descriptions into the relevant columns.
Communication Centre
General Maintenance
- Updates made to security permissions to allow more control over the use of mail merge templates from within Communication Centre.
- Improvements made to message automation for requesting records for VAT to make sure emails are added to the pending queue in all situations.
- Added confirmation when deleting sent emails to prevent unwanted deletion.
Practice Manager
- Added a shortcut within the main client list to search/send a mail merge letter to a single client without the need to create a mailing list in Communications Centre.
- A new filter criteria has been added for 'Clients & Contacts' to show all records within the client list and allow a search on both at the same time.
- An option is now available within the client records for Limited Companies to specify 'Company is a Non-Resident Landlord'. Selecting this option will allow Non-residential corporate landlord accounts to be generated which can then be submitted with the Corporation Tax (CT600) return.
- Client Questionnaire has been updated for 2021/2022 tax year.
General Maintenance
- Updates made to allow access to password protected clients in VAT Filer and Company Incorporator when using double-click from client selection.
- Calculation for usual year ends of 29 February will now be applied as expected when using all jobs templates.
- Maintenance has been carried out to job calculations for:
- Deadline date basis offset when using unit offsets to ensure the date is correct in all situations based on client information.
- Confirmation statement statutory deadline and usual year end date basis offsets to ensure the date is correct in all situations based on client information.
- Jobs created using all job templates will now show a default time of 9:00am.
- Update made to ensure the 'use work association to calculate the job dates' checkbox is displayed correctly in all job templates.
- Clients with mail merge generated events within the Communication Activity can now be deleted.
- Additional 'My Dashboards' are no longer being created multiple times.
Companies House Forms
General Maintenance
- Confirmation statement, Section 4 will list shareholders in the alphabetical order.
- PSC01 will hide the day of the date of birth for Persons with Significant Control.
- SH01 will display shares allotted on a specific date when entering just the 'From Date', without requiring an entry of a 'To Date'.
- When selecting to 'Print the form', the preview of the form remains open in the forefront rather than displaying in the background.
Companies Incorporator
General Maintenance
- Polling for a company incorporation submission via Notifications will retrieve the correct response from Companies House rather than returning a transaction error.
eSign Centre
- Updated third party advisory for customers sending their first envelope within the eSign envelope.
General Maintenance
- Envelopes with a status of cancelled, expired or signed can now be deleted.