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PTP Summer 2019 v.19.2 Full Features

What’s New
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Release Overview

Our PTP Suite Summer release version 19.2 includes solutions to issues reported in earlier releases and continues to deliver on our key MTD initiative by bringing you enhancements for PTP VAT Filer and Tax Platform. 

PTP VAT Filer

Import from Excel Spreadsheet

We’ve made it easier to import VAT figures from an Excel spreadsheet without the need to save the spreadsheet as a .csv file.  Choose ‘import from spreadsheet’ from the import options and navigate to your spreadsheet.  VAT Filer presents your spreadsheet, complete with multiple worksheets where present, for you to map the appropriate cells to the boxes on the VAT return.

Multiple Agent Authorisation Tokens 

PTP VAT Filer has been enhanced to include the ability to store more than one agent authorisation token.  This allows practices that have more than one set of agent details in MTD to file returns under their own set of agent credentials. 

Enhanced Interface 

The PTP VAT Filer interface has been enhanced to include a view of a client’s liabilities and payments across all VAT periods. 

PTP Tax Platform

Structures and Buildings Allowance

Capital allowances module has been updated to handle the new structures and buildings allowance.  The allowance is available on qualifying expenditure incurred on non-residential property where the first contract for construction was entered into on or after 28 October 2018.  

Making Tax Digital – Pre-population of the Tax Return with Data from the Digital Tax Account 

HMRC are updating and improving the way that data is retrieved from the Digital Tax Account.  This allows Tax Platform to access the Digital Tax Account and pre-populate certain boxes on the SA100 tax return.  This new initiative builds on their previous work to allow agents to access data covering employments, private and state pensions, allowances and benefits and will allow data to be retrieved to a much more detailed level.  For example, pensions data will break down the total currently received to individual pension level.   

This enhanced functionality has been implemented in PTP Tax Platform in anticipation of HMRC making it available as a public beta programme, should you wish to take part, and the subsequent push to the Live environment. We will allow access to this functionality as soon as HMRC announce the availability of each. 

PTP Corporation Tax

Structures and Buildings Allowance

Capital allowances module has been updated to handle the new structures and buildings allowance.  The allowance is available on qualifying expenditure incurred on non-residential property where the first contract for construction was entered into on or after 28 October 2018. 

Foreign Controlled Companies 

The data entry in the CT600B has been enhanced by the addition of a lookup list of predefined countries to enable you to set the appropriate territory.

PTP Accounts Production

Academies Accounts Direction 2018 to 2019

Legislative updates to Academies, to accommodate the recently released Academies Accounts Direction 2018 to 2019 to support Academy Accounts to 31 August 2019.

PTP OpenPortal: Tolley Lookup 

Tolley Lookup is the new improved Tolley’s Whillans Rate Checker and extends the content to a whole new level.  

Getting dates, rates and allowances wrong can have dire impacts for both you and your clients and getting clear and reliable answers can quickly consume a disproportionate amount of time from your working day. Tolley Lookup gives you this time back by providing instant answers you can rely on to simple “what is” tax questions.

With rates, dates, allowances and definitions across all tax areas including historical archives, Tolley Lookup gives you just what you need and nothing more. Now accessible from the PTP OpenPortal, you have access to authoritative answers you can rely on from the market leading tax experts at Tolley directly from within PTP. 

General  

Updates to cater for the latest HMRC online filing Specials & Exclusions 

Updated Dividend database 

Update to use HMRC’s latest schemas 

PTP Tax Expense – fixed the issue that prevented the online filing of a P46(Car) with fuel type F 

PTP Tax Platform 

  • Fixed the issue that prevented the entry of a negative farmers’ averaging adjustment 
  • Fixed the issue with the missing Class 2 NIC value causing online rejection error 6492 
  • Fixed the issue that displayed an exception error when accessing the dividend schedule 
  • Fixed the issue that prevented brought forward UK properties from showing on the printed schedule 

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