Digita Corporation Tax Plus includes all of the functionality of Digita Corporation Tax and adds to this by providing support for groups and an integrated Deferred Tax module which can be used to calculate the amounts required for provision under FRS19.
The group relief feature allows the linking of companies within a group so that the allocation of losses can be performed in one place. Each company in the group is automatically updated and the CT600C is completed with all relevant details. This will reduce the time required for this particular exercise dramatically.
The Deferred Tax feature uses the information already entered in Digita Corporation Tax, together with additional information entered specifically relating to the calculation of the provision.
Accelerated capital allowances are automatically calculated from data entered in the capital allowances and fixed asset reconciliation, rolls forward balances, deals with both balance sheet and profit and loss calculations and provides a proof of tax reconciliation report.
Key Features
- Deferred Tax - Capital allowancesMore Calculates accelerated capital allowance...
Calculates accelerated capital allowances automatically from data entered in the capital allowances and fixed asset reconciliation in Digita Corporation Tax.
- Deferred Tax - Rolls forward balancesMore Rolls forward balances...
Rolls forward balances
- Deferred Tax - Profit and lossMore Deals with both balance sheet...
Deals with both balance sheet and profit and loss calculations
- Deferred Tax - Proof of taxMore Provides a Proof...
Provides a Proof of tax
- Deferred Tax - ReportsMore Reports are in FRSSE format.
A report breaking down the calculations used can be printed or saved as a PDF file.
- Group Relief - Linking of companiesMore Companies are linked together...
Companies are linked together to allow easy access to relevant group data
- Group Relief - Allocation of lossesMore Loss allocations are...
Loss allocations are performed in one 'spreadsheet view' of the group.
- Group Relief - Completion of formsMore Form CT600C automatically...
Form CT600C automatically completed for all companies surrendering/claiming group relief.
- Group Relief - ReportsMore A report showing all...
A report showing all allocations can be printed.
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