News

New Trust Tax Software For New Tax Year

14 March 2006

Digita launches a comprehensive Trust Tax solution from the start of the new tax year on 6 April 2006.

New Digita Trust Tax, part of the ICAEW and Microsoft accredited Digita Personal Tax, supports tax returns for Trusts and Estates required for SA900 and all supplementary pages and provides Trust Tax Returns for 2004/05 and 2005/06.

Product Manager Paul Duffield said:

"Digita Trust Tax was meticulously developed in partnership with our customers. We are confident that it will prove as popular as Digita Personal Tax because of its intuitive nature and ease of use."

Digita Trust Tax includes a tracker tool and reporting system for management and monitoring. Summary screens provide up to date snapshots of progress for both users and their clients.

Paul Duffield continued:

"Most current Trust Tax solutions are little more than form fillers, but at Digita we have created a fully comprehensive solution as all tax return entries are supported by full data entry capability and seamless integration with our award-winning personal tax software, Digita Taxability Pro."

Ends

Notes for Editors

Key features of the Tax Trust software include:Features:
• Supports all types of trusts and estates
• Distribution tool allows apportionment of Trust income to beneficiaries
• Automatic production of forms R185 for beneficiaries
• Automatic posting of Trust income to beneficiaries personal tax returns
• Dividend data Feed eliminates the need to manually enter dividend information
• Full range of Trust and Estate reports and tax computations
• Automatic Tax Pool calculation
• Automatically applies the new standard rate band introduced from 6 April 2005
• Supports the new regime for trusts with vulnerable beneficiaries
• Available for tax years 2004/05 and 2005/06
• Produces the main Trust and Estates tax return form SA900, plus all supplementary pages covering:
o Trades
o Lloyd's Underwriters
o Partnerships
o Foreign income
o Capital gains
o Non-residence
o Charities


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