Updates

Updates

Alphatax UK Autumn 2008 Edition Update (9.5)

Welcome to the Alphatax UK Autumn Edition. This version of Alphatax has been updated with the relevant FA 2008 changes and other enhancements, including the following key features:

  • New CT600 returns - see CT600 / E-Filing key dates below
  • FA 2008 changes relating to R&D and vaccine research relief
  • Amendments to the mixer cap calculation for overseas dividends following the HMRC notice released on 3 July 2008
  • Improvements to the Accounts Analysis function including profit and loss prior year comparison and enhanced carry forward options
  • Improved presentation and calculations for companies with ring fence trades
  • A new synchronised statement view of open computations across different periods
CT600 / E-Filing key dates

For claims relating to FA 2008 capital allowances changes and/or the new ring fence main rate for FY 2008 updates, please be aware that HMRC have stated that there are start dates for HMRC accepting paper copies of the CT600 (2008) and E-Filing submissions. Currently these start dates are as follows:

  • 13 October 2008 - Paper returns of the CT600 (2008) containing these FA 2008 updates will be accepted on or after 13 October 2008
  • 27 October 2008 - CT Online services for E-Filing will accept these changes on or after 27 October 2008

In addition, the Alphatax Autumn Edition will print the 2008 version of the CT600 for all periods ending after 17 March 2004.

Click here to view or print the Release Notes for this edition.

If you would like further information about any of the new functions and enhancements or if you experience any problems with the new release, please contact Support on +44 (0)1784 410 229 or email support@taxcomputersystems.com.

Alphatax UK Spring 2008 Edition Update (9.4.002 Lib 75.9)

The following changes have been made in update version 9.4.002, Library 75.9:

  • FB 2008 legislated for the write off of small pools of expenditure in the Plant and machinery main pool and the Special rate pool and we previously provided new input cells in each pool so that a user could manually write off the amount needed, when relevant. However following the receipt of further guidance from HMRC, we have now deemed it appropriate to update the actual written down allowance calculations so that this new legislation is now automatically applied when the small pool limit is met. As such the input cells have now been removed. Should you not wish to claim the maximum amount calculated by Alphatax, allowances can be disclaimed in the normal way.
  • Where WDAs have been disclaimed in either the trade or non-trade Special rate/ Long life asset pools, the display of the actual claimed amounts and the maximum entitled amounts in report mode has been amended. Note that calculations are unaffected by this change.
  • An error has been corrected whereby balancing charges generated in both the trade and non-trade Special rates/Long life assets pool were not being posted to chargeable profits.
  • A display error in both the trade and non-trade Special rate/Long life assets pool Report statements has been corrected. 
  • Problems with the Annual investment allowance Report statement have been corrected where amounts allocated to the Non-trade Special rate pool were duplicated in the Allocation column.
  • Annual investment allowance fields on Plant and machinery main pool, Special rates/Long life assets pool and other capital allowances Input statements now include an additional note to clarify where company level data should be entered.
  • An incorrect diagnostic has been removed re ECA tax credits for investment companies.
  • Problems with the display of the Accessory icon and adding rows on the Short lease premium deductions Input statement have been corrected.

To install the update (which includes the Spring 2008 Edition (9.4)), please follow the instructions below.

Installation instructions

Note. You should only download from this site if you are the person authorised to update Alphatax within your organisation. You must be careful not to compromise the integrity of your system by causing a conflict between the versions of Alphatax used by different members of your organisation.

  1. Ensure you have a backup of the Alphatax database or all your data files.
  2. Click here to download the update file to the same folder as you installed Alphatax (usually C: \Program Files\TCSL\TCSL Alphatax)
  3. Unzip the file to the same folder as you installed Alphatax.
  4. Run Alphatax in the normal way and confirm the version is 9.4.002 (Library 75.9). (Help, About on the Menu bar).

If you would like any further information or if you experience any problems with the update, please contact Support on +44 (0)1784 410 229 or email support@taxcomputersystems.com.

Alphatax UK Spring 2008 Edition (9.4)

This edition has many new features and enhancements. The main tax changes include:

  • FB 2008 capital allowances regime changes effective 1 April 2008
  • Changes in the small companies rate from 20% to 21% and changes in the fraction used for calculating marginal relief from 1/40 to 7/400
  • Pension contribution spreading and Transfer pricing adjustments (UK/UK)
  • SA700 (2008) non resident landlords return
  • CT41G New Company details and Online Agent Authorisation (64-8)

There are also improvements to review notes and footnotes functionality and improved report layout and printing of Report Designer reports using the new Report Viewer interface, together with many other new features.

Click here to view or print the Release Notes for this edition.

If you would like further information about any of the new functions and enhancements or if you experience any problems with the new release, please contact Support on +44 (0)1784 410 229 or email support@taxcomputersystems.com.