PTP Autumn 2022 release v22.3
Overview
Our PTP Suite Autumn release version 22.3. includes all legislative updates to ensure your ongoing compliance, including the latest version of form 64-8, changes to schemas in Corporation Tax to cater for the increase in the AIA limit, the resolution to several issues reported since the last release. Plus, enhancements based upon your feedback, such as including the ability to drill into the Exception Report in the Interactive Accounts.
PTP Accounts Production
Exception Report becomes fully Interactive
Following feedback from customers and continuing with the drive to make the preparation of accounts more intuitive. As part of this release, when using the Interactive Report, we have made any items included in the Exception Report drillable. The Exception Report contains items that would typically prevent you from being able to electronically submit the appropriate accounts for Limited Companies or Limited Liability Partnerships to Companies House or HMRC.
This feature will save you considerable time compared to searching through specific data screens to clear the appropriate exceptions or clicking in and out of reports to resolve exceptions.
Inclusion of Executors
For Sole Trade and unincorporated Partnership formats we have updated the Client Approval Data Screen by including a new free form box for a reference to executor(s) or administrator(s) that will allow you to include an appropriate title in respect of a deceased person(s).
PTP Tax General
Updated 64-8 Agent authorisation form
HMRC recently released a new version of the 64-8 agent authorisation form, this new version is now being accepted by HMRC.
HMRC have stated that they will stop accepting the old 64-8 form shortly therefore, to cater for this new form, we have updated the product to allow for efficient completion of this form.
PTP CT Platform
The government announced that the increase in AIA limit of £1,000,000 would be extended to the 31st March 2023 as well as a rate change for S455 tax to 33.75% however HMRC did not release the corresponding schemas which resulted in returns being rejected where S455 tax arose, and AIA was claimed greater than £200,000 for periods straddling 01/04/2022
In this release of PTP we have updated the schema to allow for these situations to now be successfully submitted to HMRC.
