Feature |
Summary |
Compliance for tax year 2018-19 |
We’ve added compliance to support the tax year 2018-19. You can now enter information, populate your tax return and submit an xml submission package for this year. |
Disguised remuneration |
You are now able to report details of disguised remuneration loans received after 6 April 1999 in respect of employments, self-employments and partnerships. |
Annual Investment Allowance |
We have incorporated HMRC’s guidance on claiming AIA above the current validation limit of £400,000 into the application. |
Structures and Buildings Allowance (SBA) |
We have incorporated HMRC’s guidance on claiming the new Structures and Buildings Allowance (SBA) into the application. |
Foreign (SA106) |
We’ve added global and inline validations into the Foreign (SA106) area of the application to help prevent unsuccessful submissions to HMRC. |
Unused residential finance costs brought forward |
You are now able to enter details of unused residential finance costs brought forward and, where applicable, claim relief for these in the current year or carry them forward to subsequent years. |
Roll forward of Partnership data |
Various standing data will now be rolled forward from 2017-18 to 2018-19 in respect of active partnership records. |
Non-deductible partnership loan interest |
From 2018-19 HMRC added a box to the SA101 in respect of Non-deductible loan interest from investments into property partnerships. We have added functionality to help you calculate this amount and populate the box accordingly. |
Enterprise Investment Schemes |
We have updated the Enterprise Investment Schemes limit from £1,000,000 to £2,000,000, to take into account the additional amounts allowable, from 2018-19 onwards, in respect of subscriptions for shares in knowledge-intensive companies. |
Provisional and Estimated figures |
We have updated the application regarding HMRC’s current guidance concerning the use of provisional and estimated figures. |
HMRC Special Case 29 |
We have incorporated HMRC’s advice for the scenario where you want to claim Rent a Room relief on Rent a Room income over £7,500 and have other property income that you want to claim the property income allowance on. |
HMRC Exclusions |
We have removed the exclusions which HMRC have advised us no longer apply from 2018-19 onwards. |
Feature |
Summary |
Charitable Giving |
You can now record:
- Gifts of qualifying shares or securities, and land and buildings
- Qualifying investments gifted to non-UK charities
- Gift Aid payments to non-UK charities
|
Pension Schemes |
You can now record overseas pension scheme payments. |
Allowances |
You can now record claims for Married Couple’s Allowance or Blind Person’s Allowance. |
Additional Information |
You can now record bonus issues of securities or redeemable shares and close company loans written off or released. |
Employments |
You can now record where a student loan falls under the Repayment of Teacher’s Loan Scheme. |
Property income |
You can now record tax taken off property income. |
SA302 |
We’ve added ‘SA302’ to the title of the Tax Calculation report to help support mortgage applications. |
Stability & Performance |
Includes general performance and stability improvements. |
Feature |
Summary |
Taxable Share Schemes, Lump Sums, Exemptions and Deductions |
We’ve added the ability to report details of Share schemes and employment lump sums, compensation and deductions and certain post-employment income to HMRC. |
Foreign |
We’ve added the ability to report details of Untaxed foreign interest (up to £2,000), Foreign dividends (up to £300), and Foreign tax taken off dividends to HMRC. |
Other UK Income |
We’ve added the ability to report details of Other UK Income not included on Supplementary Pages, Interest from Gilts and Securities, Gains from UK Life Insurance Policies and Post-cessation Receipts to HMRC. |
Other Tax Reliefs |
We’ve added the ability to report details of Other Tax Reliefs to HMRC. |
Other Information |
We have added the ability to report details of Income Tax Losses and Limit on Income Tax Relief, Pension Savings Tax Charges and Tax Avoidance Schemes to HMRC. |
Trusts |
We’ve added the ability to report Trust income to HMRC. |
Customisation |
Using the new customisation tab, you can choose what modules to display for each client. You could use this to add newly supported compliance areas and future additions. |
Tell us what you think |
If there’s something you’d like to see in a future update, let us know! Within Customisation, use the Feedback options. |
Feature |
Summary |
Compliance for tax year 2017-18 |
We’ve added compliance to support the tax year 2017-18. You can now enter information, pre-populate your tax return and submit an xml submission package for this year. |
Trading income allowance for the self-employed |
You are now able to claim the new trading income allowance for the self-employed. |
Property income allowance |
You are now able to claim the new property income allowance for unincorporated property businesses. |
Residential finance costs |
From 2017-18, changes have been introduced to restrict tax relief on residential property finance costs. We have added calculations to help you claim the correct relief. |
Feature |
Summary |
Compliance for tax year 2016-17 |
We’ve added compliance to support the tax year 2016-17. You can now enter information, pre-populate your tax return and submit an xml submission package for this year. To support you in moving from tax year 2015-16 to 2016-17, we have added functionality to allow you to bring forward relevant information from one tax year to the next. |
UK Property Income |
We’ve added compliance to support UK property in tax year 2016-17. You are now able to enter details for UK property and to submit an SA105 to HMRC in paper form and in XML format. |
Customer improvements |
Improvements have been made for the tax year 2016-17, including:
- Improvements to labelling and descriptions, to assist you with entering data
- Additional validations, to help with the submission of correct data
|
Feature |
Summary |
Sage Personal Tax Online |
We’re delighted that with this release, we’re taking Sage Personal Tax Online out of beta. But, what you’re seeing is by no means the final product. We’re continuing to work hard on new features, and as always, we’re listening to your feedback to make this the best personal tax software for you. |
Create new tax year |
Tax years are the basic containers for the work you’ll be undertaking for your clients. We’ve updated compliance for tax years 2015/16. |
Return Data |
Enter the data for a self-assessment personal tax return in this area of the application. From here, you’ll enter different income sources and amend data brought in directly from Accounting Partner Edition and Sage Final Accounts Online. Deductions are also dealt with here, along with additional supporting information. |
Populate data from Sage Final Accounts Online |
When you create a self-employment, you can either create a blank self-employment or populate from an existing Sage Final Accounts Online business. |
Attachments for Online Filing |
From this area, you can manage and attach documents to your client’s tax return. These will be filed directly with HMRC along with the return. |
Report Preview |
Review your personal tax report and check for data input errors. |
Generate Tax Returns |
Generate and review your tax returns in PDF format in both draft and non-draft format. |
Generate Submission Files |
File directly with HMRC via our online filing solution. |
Feature |
Summary |
New Compliance |
We’ve added the following new compliance areas to the Beta version of this product:
- Self-employments
- Integration with Final Accounts Online so that self-employments can be automatically populated with a sole trader set of accounts.
- Additional information
- IR mark now appears on the face of the Personal Tax Report
Submissions will remain switched off until the full release of Sage Personal Tax Online.
If you’ve any feedback on any aspect of Sage Personal Tax Online, please use the feedback option in the top-left corner of the program. |
Report Preview |
We’ve improved styling and logic on the Report Preview to when rows and schedules are displayed. We’ve also incorporated customer feedback. |
Personal Tax Report |
We’ve improved reporting to reflect changes made to the Report Preview, and we’ve improved the look and feel of this report so you can share a professional, modern-looking document with your clients. |
Customer Feedback from Beta Programme |
As a result of feedback we’ve made the following improvements:
- You can now only enter data for UK Interest and UK Dividends income where that income has been received during the tax year.
- We’ve updated the appearance of the Create new return section for styling and usability.
- We’ve added some additional information tool tips.
|
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