HMRC Updates to Corporation Tax Rates

4th Jun 2020
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At Budget 2020, the Chancellor announced that Corporation Tax rates will be maintained at 19% for this tax year.

HMRC have advised that they plan to deliver the necessary update to their Corporation Tax service on 26th June. After this date, you will be able to successfully file Corporation Tax Returns using CT Solution.

To check for HMRC updates, you can find the service availability page here.

CT Solution: Award-Winning Corporation Tax software

CT Solution was awarded Professional Tax Software of the Year 2019 at the Accounting Excellence Awards.

“Great software! Very easy to use and produced the Statutory Accounts and Corporation Tax
Returns quickly and easily. I just jumped right into the software and did it "intuitively". An excellent product, service and price. Thoroughly satisfied.”
Keith Nixon, Creative Education Ltd, MBA.

The Corporation Tax module allows for simple preparation and submission of CT600 returns, along with iXBRL computations and accounts filing to HMRC. Client data held in PM Solution integrates to CT Solution, transferring details without re-keying and therefore minimising the risk of errors during preparation of CT Returns.

The adjustment of profits computation (with automatic calculation of capital allowances) and calculation of tax payable are all presented on a single easy-to-use worksheet. Results are automatically transferred to an HMRC approved substitute form for online submission through Government Gateway using CT Solution.

  • Automatic iXBRL tagging
  • Links with 3rd party iXBRL accounts
  • Capital Allowances module
  • Dedicated property and R&D module
  • Supplementary schedules – CT600A, CT600C, CT600D, CT600E, CT600J, and CT600K

Can we help with your Tax and Compliance?

For an informal chat about your software requirements and how BTCSoftware can help with Tax and Compliance, get in touch with our friendly consultants on 0345 241 5030 or email [email protected]. They will explore your needs to understand which of our solutions are best suited to your practice or business and then invite you to a free, no-obligation remote demo.