Release: 5th November 2024

Release: 5th November 2024

The following new functionality will be released on the 5th November.

Reverse Charge  -  The engine launched in the previous release as a trial in Malta has now been extended to the following countries:
  • Ireland
  • Cyprus
  • United Arab Emirates (UAE)
  • Isle of Man
  • Jersey

Major tax engine update - A major update to the generate.TAX engine enhances the calculation of amounts, tax, and box values on tax returns. This update not only improves performance in generating returns but also resolves issues in specific accounting cases that previously caused incorrect values. 

This version requires an additional setup step in the mapping screen, with a new option available to specify input and output tax rate types. 

Notes
If these tax rates are not mapped correctly, the boxes in the tax return will display incorrect positive or negative values.

Info
Select the tax rates and use the arrows to move them between 'Input' and 'Output'. In the Tax Rate Mapping box on the right hand side, you may also toggle between input tax (arrow pointing left) or output tax (arrow pointing right).

Mapping Page - Choose Tax Rate Type


This release also includes various small improvements and bug fixes:
  • Improved filters are now available across all pages.
  • User preferences will now be remembered on each page.
  • In the tax return, the "view mode" (eye icon) enables transaction drill-down.
  • PDF files generated on the tax submission screen have been optimized, reducing their file size significantly.