Full Feature List

Full Feature List May 2015 Budget Release

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Full Feature List May 2015 Budget Release

Drummohr v22.1 provides the latest 2015 Budget changes to ensure you and your practice are fully compliant with the latest legislation. These changes include:
All the latest rates and rules from the 2015 Budget
The Dividend Database has been updated
Drummohr v22.1 also resolves a number of issues associated with v10.0 and earlier versions. The issues resolved include:
P11D
The correct percentage will now be applied in calculating the car benefit charge for low emissions cars
The official rate of interest for loans in Notepad H is now correctly showing as 3.25%
Company Tax Return
The rate used in calculating capital allowances in the Other Capital Allowances section has been updated to 18%
Box 465 on page 5 of the 2015 CT600 is now being completed correctly
Tax Assistant 
CIS deductions in box 38 on page SES2 are no longer rolled forward into the next year
Trading losses carried forward are now being correctly carried forward onto the trading pages of the following year
It is now possible to override the overlap relief to carry forward on the partnership pages of an individual’s tax return
Partnership Return
When importing from a Partnership Return into a Personal Tax Return the return will now correctly show the start date of the 2013/14 basis period in the basis period calculator
Trust Tax Return
The warning message that checks the Capital Gains Annual Exemption limit has been updated to use the rate for the 2015 tax year
The tax pool carry forward figure is now correctly carrying forward into the following year as the tax pool brought forward figure

Drummohr v22.1 provides the latest 2015 Budget changes to ensure you and your practice are fully compliant with the latest legislation.

These changes include all the latest rates and rules from the 2015 Budget.


Drummohr v22.1 also resolves a number of issues associated with v22.0 and earlier versions.

The issues resolved include:

P11D

  • The correct percentage will now be applied in calculating the car benefit charge for low emissions cars
  • The official rate of interest for loans in Notepad H is now correctly showing as 3.25%


Company Tax Return

  • The rate used in calculating capital allowances in the Other Capital Allowances section has been updated to 18%
  • Box 465 on page 5 of the 2015 CT600 is now being completed correctly


Tax Assistant 

  • CIS deductions in box 38 on page SES2 are no longer rolled forward into the next year
  • Trading losses carried forward are now being correctly carried forward onto the trading pages of the following year
  • It is now possible to override the overlap relief to carry forward on the partnership pages of an individual’s tax return


Partnership Return

  • When importing from a Partnership Return into a Personal Tax Return the return will now correctly show the start date of the 2013/14 basis period in the basis period calculator


Trust Tax Return

  • The warning message that checks the Capital Gains Annual Exemption limit has been updated to use the rate for the 2015 tax year
  • The tax pool carry forward figure is now correctly carrying forward into the following year as the tax pool brought forward figure
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