PTP Summer 2020 Release v20.2

Overview

Our PTP Suite Summer release Version 20.2.144 includes all legislative updates to ensure your ongoing compliance, including this year’s Academies Accounts Direction update as well as the re-introduction of the automatic Foreign Tax Credit Relief calculation.

PTP Accounts Production

Charity and Academy Format Lead Schedules

New reports have been included to allow the production of Lead Schedules for both Charity and Academy formats.

Academies Accounts Direction 2019 to 2020

Updates to Academies, to accommodate the recently released Academies Accounts Direction 2019 to 2020 to support Academy Accounts to 31 August 2020.

PTP Tax Platform

2020 Budget

Budget 2020 updates, including the reduction to the 2019/20 Entrepreneur’s Relief lifetime limit and the change to Business Asset Disposal Relief for 2020/21 onward; the increase in the Structures and Building Allowance rate.

Foreign Tax Credit Relief calculation

Re-introduction of the automatic calculation of Foreign Tax Credit Relief (including override function)

HMRC Specials & Exclusions

Update to cater for latest HMRC 2019/20 online filing Specials and Exclusions.

PTP Corporation Tax Platform

2020 Budget

Budget 2020 updates, including the increase in the Structures and Building Allowance and the RDEC rates.

Online Filing Formats

Update to latest online submission formats for CT600.

PTP General

A number of defects have been resolved (see Full Features).