Produces both the tax computation (with supporting schedules at the option of the user) and the Inland Revenue CT600 return form for both Unit Trust and Open Ended Investment Company (OEIC) types of computation.

The software can be used to calculate the distributable income for both the interim distribution period and the full accounts period, whilst simultaneously providing full tax accounts for both periods.

For OEIC computations, the software offers a choice when it comes to preparing the Share Class calculations for the tax charge and distributable income allocations. The choice you make will depend on your adopted methodology for preparing such calculations. The software supports the various apportioning methods or, alternatively, the ability to prepare mini-computations for each share class.

The software ably supports more complex areas including corporate recipients’ unfranked proportion calculations, payment on account estimates and monitoring, shadow ACT calculations and onshore pooling calculations.

Software features

  • Calculation of the tax charge for the accounts using comprehensive deferred tax schedules
  • Tracking of prior year adjustments to the tax charge and adjustments made after finalisation of the tax account balances
  • Interim distribution periods supporting full tax charge, distributable income and equalisation calculations
  • Automatic handling of foreign tax, including recoverable amounts, and calculation of double tax relief

Contact Us

Tel: +44 (0)800 1577 801
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