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19/20 Tax software release?

Which software houses have already released 19/20 returns?

Didn't find your answer?

I know we're not yet at 31 January, but huge numbers of our clients want to know how their 19/20 tax bill is shaping up. And we want to be able to enter data as it comes, for example when dividends are declared.

The early release of each year's software was the main reason we switched from Taxcalc to Taxfiler a few years ago; at that point Taxfiler released 16/17's software in around May 2016. 

They've got slower and slower and (inevitably, I suppose, since the IRIS acquisition), they still haven't released 19/20. I know they have the "look forward" feature, but that's useless for what we need. It's causing us sufficient of a problem that I would very seriously consider switching to a provider with a track record of early release even if more expensive. 

If you already have 19/20's software availble to you, who are you with? And when were 19/20s returns released?

Thanks!

Replies (19)

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By lincolnartist
27th Jan 2020 10:28

I don't know that release early. Working out the calculation manually doesn't take long though.

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By gainsborough
27th Jan 2020 12:35

Digita had 19/20 tax rates available from last summer.

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By johnhemming
27th Jan 2020 13:44

If you use MTD ITSA you can get figures for 19/20.

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By carnmores
27th Jan 2020 14:05

did you not post on this before? if you use taxfiler set up a dummy for the client and then use the dummy to enter the 2019 20 data in 2018 19 then use the facility for estimated liabilty for 2019 20

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Replying to carnmores:
By Paul D Utherone
28th Jan 2020 14:54

Which is what I do as a check back. I presume that the OP is after entering actual income details as they come through to save having to do so later. TaxFiler will not let you create a 2020 return. CCHPT (a different animal altogether) allows the following year's return to be set up, but plasters the computation with "2019-20 liability using 2018-19 tax computation" to allow for legislation changes

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By Connie1
27th Jan 2020 21:00

Wasn’t me who posted before Carnmores; my last post was in May 2018! (Had to check that as you had me doubting myself there for a moment :-))

But v interested if others are posting the same frustration.

All the works arounds suggested work, but they are just that: workarounds. They take additional time, are duplicated effort and don’t fit our clients requirements or the service we seek to offer.

It worked so brilliantly when Taxfiler released early in the year and I suppose I can’t see why it can’t still be done given that they have all the rates and calculations as needed to give the estimated 19/20 tax based on 18/19 income.

Thanks for the Digita recommendation. If anyone else knows of any other software which consistently releases early to mid year I’d love to hear which it is.

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Replying to Connie1:
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By carnmores
28th Jan 2020 13:36

Thanks for clarifying, i will find the post i referred to and link it shortly

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Replying to carnmores:
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By Connie1
06th Feb 2020 17:08

Yes please, that would be great if it were possible!

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Hallerud at Easter
By DJKL
28th Jan 2020 15:08

Taxcalc used to offer a "what if" option for the next year (as an add on), you brought forward the prior year for say 2018/2019 then could tweak the numbers re say 2019/2020.

https://www.taxcalc.com/tax#Addons

https://kb.taxcalc.com/2157

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By pattig
30th Jan 2020 10:15

I use Taxcalc what if function and find it works well

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Replying to pattig:
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By Connie1
06th Feb 2020 17:13

That looks good, and it’s not expensive.

Can you produce the actual return from the “what if” or do you have to re-enter the details in the actual return?

Love the idea of the scenarios!

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By Eddie S
30th Jan 2020 18:52

I use IRIS (PTP) and having had four clients die this year ( ...I know, but when I retired I retained about 40 long-standing, elderly clients who wouldn't let me go, so this was always going to be the case!) and have been able to input details to the date of death. It appears that I can't yet file them though.

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Replying to Eddie S:
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By Connie1
06th Feb 2020 17:03

This is exactly what I want to be able to do Eddie S! Quite accept that I can’t file them yet and wouldn’t want to anyway, but do want to be able to populate with real info.
As it happens one of ours is a deceased lady too and I’d like to be able to input her details to date of death.

Since Taxfiler is now owned by IRIS, shouldn’t it be possible?!

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Replying to Connie1:
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By carnmores
06th Feb 2020 17:36

Connie
most of us on here would rather IRIS left Taxfiler alone as much as possible

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By taxingnoddy
02nd Mar 2020 10:54

Hey Connie1.

Did you get anywhere talking to TaxFiler or looking at alternatives?

I too am having the same issues with TF. I've raised it with them. They don't seem to understand the issue. They have told me the 2019/20 returns won't be released until 6th April 2020, as we're not allowed to file a return until that date! Far too late for doing any dividend planning.

We also use this time as an opportunity to populate client returns with known information (director salaries, dividends, P11D etc) - we don't want to file anything early!

TF say it's just not possible (despite it being possible in previous years and before IRIS takeover and huge price hike).

Not impressed with TF at the moment.

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Replying to taxingnoddy:
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By carnmores
02nd Mar 2020 11:21

i think you are being a little unfair for what we pay TF is great value . if you want an estimate for 19/20 set up a dummy client and use teh estimated 19/20 facility on the tax calculation it works very well failing that use a spreadsheet or check and see what Absolute tax have on offer

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Replying to taxingnoddy:
Giraffe
By Luke
02nd Mar 2020 14:18

I was coming on to moan that today Taxfiler have told me it won't be until late March.
"It is anticipated that the data entry for the 2019-20 tax return will not be available until late March, since we are working on the forms recently released to our own Technical team from HMRC. "

That is very disappointing. I wonder how other software houses are able to give access if HMRC have only 'recently' released the forms?

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Replying to Luke:
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By carnmores
02nd Mar 2020 14:31

i doubt they have they are probably using the old form as a basis and will change it when released

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By CWservices6064
03rd Mar 2020 21:01

www.uktaxcalculators.co.uk works well for current year tax calculations and it's free.

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