DIGITA RELEASE BULLETIN - CORPORATION TAX 23.3 (Build 3828)

We are pleased to announce the release of Digita Corporation Tax 23.3 (build 3828)

Corporation Tax 23.3 (Build 3828) Update

This release focuses on bug fixes, resolving the following issues:

• Error messages on opening investment companies.
• Error messages on opening dormant companies.
• Issues when attempting to delete some accounting periods.

We have also adjusted some of the SME R&D calculations, as some periods were showing AUTO instead of apportioning the values across accounting periods. These issues arose when R&D claims spanned 1 April 2023.

The following areas of the calculations have been adjusted to resolve some of these errors:

• Split of available losses for surrender.
• Capped credit calculations.
• Presentational issues on the computation regarding losses surrendered.

We are aware that there are some issues remaining with the "R&D surrendered" rows and we continue to work on these calculations. In some instances, the automatic apportionment between pre/from 1 April is not correct and will need to be overtyped. We recommend that you check these calculations. Overtyping these boxes will then flow through the remainder of the calculations.

Lastly, we have added in a checkbox for R&D intensive companies. This will adjust the relevant tax credit rate so that this no longer needs to be manually overtyped. We recommend adding a note to the computation to disclose the relevant information to HMRC.

The "new features" dialogue also contains a reminder of the additional R&D compliance requirements introduced earlier in 2023.

Download

The latest release can be downloaded by clicking here: Digita Corporation Tax 23.3 (3828).

Applying the Update

When installing the update, if needed, the installation guide can be found here. Please ensure you backup your database using the Digita Database Backup tool before applying the update.

• For standalone installations: download and apply the update on the workstation where Digita Corporation Tax is installed.
• For network server and peer-to-peer installations: download and apply the update on the machine which is acting as the server. Once the server has been upgraded, the Auto-Node update process will automatically apply the update to each workstation (node) the next time the user logs into the software.

To verify that the update has taken effect, open the Digita Corporation Tax software and select Help | About Digita Corporation Tax. The dialog should show version 23.3 (Build 3828).

Digita Virtual Office

A separate email will be sent to Digita Virtual Office (DVO) users to confirm upgrade details in due course.

Distribution

This bulletin has been sent to the Corporation Tax Newswire contact(s) in your firm. Please forward to Corporation Tax users as appropriate. If you would like to add or remove contacts from the bulletin distribution list, please provide details using this link.