Thomson Reuters
DIGITA
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"We were impressed with the flexibility and ease of use of the Digita software."
Hazlewoods LLP

Corporation Tax

VERSION 5.1
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Digita Corporation Tax completes both the tax computation and the relevant tax forms for all chargeable periods created.

The defining feature is ease of use. This application has been developed in a true Microsoft Windows environment from the outset, using the most up-to-date technology which has enabled the 'web-like' feel that makes it so intuitive.

Digita Corporation Tax automatically calculates profits chargeable to corporation tax for trading, hybrid and investment companies, and the mainstream corporation tax chargeable incorporating marginal small companies relief (if applicable). It will also apply the correct tax rates applicable to both Close Investment Holding Companies and Open Ended Investment Companies.

Capital allowance and balancing charges are calculated for each chargeable period, and it also includes separate capital allowance computations attributable to a Schedule A business. All classes of assets are supported, including Environmentally Friendly Assets, Business Premises Renovation and Research and Development.

Additionally, it covers the more complex areas such as Research and Development tax credits and loans to participators. Digita Corporation Tax was a finalist in the 2006 and 2007 'Best Tax Software' category of the prestigious LexisNexis Taxation Awards, narrowly missing out on the title to its sister product, Digita Personal, Business and Trust Tax.

Key Benefits Product Demo Online Demo    Download Brochure Download Brochure
Storage of Company DetailsMore Create and store client static data, client code...

Create and store client static data, client code, address, references, contact details and accounting periods. All static data is carried forward from one period to the next.

Loans to ParticipatorsMore Calculates charges under s.419 ICTA 1988 for new loans...

Calculates charges under s.419 ICTA 1988 for new loans created in the chargeable period and deducts any repayments made nine months and a day after the chargeable period year end. Charges calculated will appear on both the CT600 and CT600A and will filter through to the tax account section of the deferred tax calculator as do repayments made on outstanding loans brought forward that generate a refund.

Fixed Asset ReconciliationMore A breakdown of the balance sheet fixed asset values...

A breakdown of the balance sheet fixed asset values into qualifying and non-qualifying assets, thus providing a full breakdown of all fixed asset additions and disposals in the tax computation for inspection by HM Revenue & Customs. All values entered in this section will filter through to the deferred tax calculator.

Expensive Car Lease RestrictionMore Enter the list price of all cars and the charges...

Enter the list price of all cars and the charges for the period and Digita Corporation Tax will calculate the disallowable amount for the period and filter the amount direct into the deferred tax, proof of tax calculation. Emailing and Saving Documents as a PDF: Providing ability to save and email all forms and tax computations as a PDF.

Long Accounting PeriodMore For accounting periods that are greater than 12 months...

For accounting periods that are greater than 12 months, Digita Corporation Tax will create two chargeable periods and will automatically apportion income and expenditure where necessary.

User ManagementMore Create individual users that can be assigned to companies...

Create individual users that can be assigned to companies for client management purposes. User names are used when logging in, thus improving the security of your client data. In addition, user names will automatically appear against tasks completed in the Tracker.

Importing DataMore Static data, Participator data, Turnover, Profit / (Loss)...

Static data, Participator data, Turnover, Profit / (Loss) and balance sheet fixed asset values from Digita Accounts Production. Import contacts from Outlook. The ability to update static data and officer information from Digita Company Secretarial and Digita Contact Manager.

Online Help and TutorialsMore To help you when you need it most...

To help you when you need it most, comprehensive online help is provided with topics that include numerous step-by-step tutorials.

Customer SupportMore Digita provides expert and friendly customer support...

Digita provides expert and friendly customer support via telephone, email, facsimile and post. On-site training is available on request.

MicrosoftMore Digita Corporation Tax is built...

Digita Corporation Tax is built around a Microsoft SQL Server database.