What's new?
Products featured in this release
Tax Return Production
What If? Planner
now live for 2025/26
What If? Planner is our powerful tax planning tool that allows you to project your clients’ future tax liabilities with ease. Now fully up to date for 2025/26, you can accurately identify opportunities to reduce payments on accounts, plan for known changes in circumstances and provide estimates for investment property sales; with zero risk of interfering with any live tax return data.
New partnership
property summaries
To further improve the reporting capability for partnership clients we have created new client reports that break down income, expenses, tax adjustments and partner allocation for both furnished holiday lettings and other property income.
Improvements to charitable
and political donations wizard
We have improved the wizard to cater for more detailed declarations and added a new section to the corporation tax computation, so details are now provided rather than just the totals entered into the adjustment boxes.
Dividend Database
now live for 2025/26
With Dividend Database there’s no need to spend time searching for clients’ dividend payments, it’s all there in a few clicks. Our latest update includes all FTSE350 and selected AIM listed company dividend information for 2025/26.
New land remediation
wizard for corporation tax
We have implemented a new wizard, calculations and computation section to simplify the calculation of Land Remediation Relief.
Inclusion of latest
HMRC special cases
Each year HMRC produce a list of scenarios that are either not possible to be electronically filed or, if they are, require a workaround or adjustment to the tax calculation. We have updated our Check and Finish messaging and calculations to account for the latest cases.
MTD Quarterly Filer
We’re pleased to announce that MTD Quarterly Filer, our spreadsheet bridging solution designed to support accountants preparing for Making Tax Digital for Income Tax, has now met HMRC’s standards for use with live clients and we are on the ‘Available Now’ section of the software choices page for MTD for Income Tax. Visit our MTD Quarterly Filer page to find out more.
Fetch business information
direct from HMRC
Obtain information held by HMRC about your clients’ MTD business(es) and either create, or update, the client business record within the TaxCalc database.
Create bespoke
update periods
For those wishing to test out their processes with a little more regularity than once per quarter, we have the ability for you to submit updates weekly, monthly or as often as you wish! You can also report on the status of each individual update and the overall obligation period.
Predictive tax
calculation
Visibility of HMRC’s estimated tax calculation for the year based on business income submitted to date and other income already in their possession.
Fetch obligation and
update periods from HMRC
Create obligation and update periods within MTD Quarterly Filer automatically from the information held by HMRC.
Spreadsheet import
and data mapping
Use your existing bookkeeping spreadsheets to import the relevant MTD information for filing. Mapping information can be saved so the information goes to the right category every time.
External submission
visibility
Even for clients for whom updates are being submitted in other 3rd party software, you will be able to keep an eye on proceedings and retrieve the most recent submission details within MTD Quarterly Filer.
Practice Manager & Workflow
Introduction of new
charity client types
In preparation for the release of our Charity Accounts add-on for TaxCalc Accounts Production, new charity client types have been added to Practice Manager. These client types can be used across the application, where applicable. Please note: it will not be possible to use the charity client types in Accounts Production itself until the full Charity Accounts release later this year.
Work Management
page view
To optimise performance when viewing work as the volume of users, clients and work items increases, a new page view option controls the number of items being displayed on the screen at any one time; resulting in much faster screen loading times.
New MTD
client reports
Identify which of your clients are potentially brought into the MTD for Income Tax regime from April 2026 based on 2023/24 income and those that are certainly brought in based on 2024/25 income.
Companies House sync
wizard for charities
With the introduction of the new charity client types, the Companies House sync wizard has been updated to include charitable companies limited by guarantee.
Supporting MTD for
Income Tax
MTD quarterly update periods can now be monitored and managed effectively through Practice Manager and WorkFlow as we have included a new Service, Activity Type and Work Statuses. We have also created new reporting fields for the different types of MTD business income.
Support for Community
Interest Companies
You can now specify a limited company, limited either by shares or by guarantee, as a Community Interest Company and utilise the Companies House sync to import this subtype automatically.
Accounts Production
Automatic period locking
In order to help prevent erroneous changes being made to finalised accounts, upon successful electronic submission to HMRC, the accounting period will be automatically locked. This is in addition to the updates made in the Winter release to lock periods when accounts are successfully electronically submitted to Companies House, if accounts weren’t already locked.
Directors/Members report
simplification
As a result of The Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations, which come into force for periods beginning on or after 6th April 2025 for both limited companies and LLPs, several low-value, obsolete or overlapping disclosure requirements have been removed from the Directors/Members reports.
Updated company size thresholds
New company size thresholds come into force for accounting periods beginning on or after 6th April 2025 and apply to limited companies and LLPs. We have updated our Check and Finish® messaging to support these new thresholds.
FRC taxonomy 2025 update
As always, we keep our products fully up to date with the latest iXBRL filing schema.
Community Interest
Company Report
It is now possible to generate the CIC report from within TaxCalc Accounts Production. The CIC report along with the CIC accounts can now be submitted electronically to Companies House via their ZIP portal (file package accounts with Companies House service). TaxCalc will create a ZIP file that can be submitted via this service. As soon as Companies House permit direct filing from 3rd party software then we will add this in too.
eSign Centre
Advanced Electronic Signatures
Advanced Electronic Signature (AES) is a secure and legally recognised way to sign digital documents that offers greater assurance than the Standard Electronic Signature (SES) used within eSign Centre. AES helps ensure the identity of the signer is verifiable, the signature is uniquely linked to them and any tampering with the signed document can be detected.
Certain documents, such as 3rd party tax repayment claims where a nominee receives the repayment rather than the taxpayer, must now use AES rather than SES.
When creating an eSign envelope, you can now choose between AES and SES, both with or without a password. Standard signing uses existing functionality, while advanced signing automatically applies a one-time passcode (OTP) to be sent via mobile to each signer. There is no price difference between standard and advanced signing so you can choose which solution is most appropriate for the circumstance.
For the full story
For a full list of updates, please see the release notes in our Knowledgebase.
Recent updates
We regularly release new features and enhancements to TaxCalc.
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