Group Function
The Alphatax Group Function has been designed to accumulate key information from company computations so that it can be quickly and simply viewed in a single location from a group perspective.
Group can be used to view group level data at any time during the tax compliance and tax accounting process and allows for multiple changes to group allocations with full audit trails.
Group recognises and handles the complexities that arise from such typical scenarios as changes in a period in the group structure, group entities using multiple currencies, divisional and consortium structures and application of different grouping rules.
Key features of the software
- Automated instant production of group summary reports
- Group relief claims and surrenders including preparation of the Group Simplified arrangement statement. A ‘Max claim’ facility is available to ensure that full and correct use of group losses is made. Once allocations have been made between companies, both the surrenders and claims are sent to the company files eliminating any risk of one-sided or mismatched claims being made accidentally
- Group tax payments under a Group payment arrangement
- Reallocation of capital gains under s171A TCGA 1992
- Adjustments under the transfer pricing regulations
- Group tax accounting including production of consolidated tax notes and tax reconciliations
- Worldwide debt cap calculations including completion of the gateway tests, calculation of disallowable finance expenses and allocation back to individual entities
The way forward
For more information or to book a presentation, please contact us and ask to speak to a member of our new business team.
© 2010 Tax Computer Systems Ltd.
Alphatax®, Alphacap® and Alphatrac®are registered trademarks of Tax Computer Systems Ltd.
