PTP Summer 2020 v20.2 Full Features

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 & Academy Format Lead Schedule 

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. 

  • Report of Trustees; under Structure, Governance and Management section. Relocation of 'Engagement with Employees' and 'Engagement with Suppliers, Customers and Others'
  • Report of Trustees; New statutory requirements for streamlined energy and carbon reporting
  • Update Governance Statement / Scope of Responsibility for new optional sentence
  • Update Teachers' Pension Scheme Introduction paragraph
  • Update Strategic Report for 'Promoting the success of the company'
  • Add group/codes to chart of accounts for legal costs under the support cost group and to be included in the breakdown for analysis of support costs notes

Integration with Kashflow upgrade to TLS 1.2

Kashflow will shortly no longer support a security profile called TLS 1.0, this release contains functionality to allow Accounts Production to continue to integrate with the Kashflow Connect application using the latest TLS version 1.2.

Integration with My Work Papers upgrade to TLS 1.2

My Work Papers will shortly no longer support a security profile called TLS 1.0, this release contains functionality to allow Accounts Production to continue to integrate with the My Work Papers application using the latest TLS version 1.2. 


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


Issues resolved in this release

  • SA100 – tax calculation not always setting the Resident/Non-resident calculation type correctly
  • SA100 – missing Class2 NIC amount from online submission resulting in rejection error 6492
  • SA105 – UK Property online submissions missing the ‘Number of properties’ element resulting in rejection errors 6492 and 6594
  • SA100 – 2018-19 online submission updating 2019-20 FBI event date incorrectly
  • SA100 – intermittent issue where dividend entries in box 4, page TR 3, would not be displayed as expected