What's New

This release includes the 2022-23 Self Assessment forms for individuals, partnerships and trusts.

The latest version of HMRC's 2022-23 tax calculations for individuals and trusts have been included. We are continuing to work with HMRC to help ensure their tax calculations are as accurate as possible and that any cases which are calculated incorrectly are identified as Special Cases or Exclusions.

We've updated our validation processes and information about Special Cases and Exclusions, in line with the latest HMRC advice.

We’ve updated the 2023-24 car fuel benefit multiplier, to allow you to estimate car and fuel benefits for verification of amounts in PAYE codes or for payroll benefits.

2023/24 is the Basis Period Reform transition year and we are working to ensure that our software will enable you to calculate and report your clients’ liabilities for that year and subsequent ones.

This release includes new functionality in Business Tax which takes into account the change in basis periods, the triggering of overlap relief, the change in late period elections and spreading options.

Personal Tax includes the new self-employment data entry page, from which you will see the revised layout which takes into account the reforms.

We are planning to let you have a further tax release, shortly into the new tax year, which will include additional partnership changes as well as enabling the posting of this new information from Business Tax to Personal Tax.

Basis period reform affects the way that trading income is allocated to tax years. With effect from the tax year 2024-25, the assessable profit or loss of a business will be based on activity in the actual year, rather than on an ‘accounts year’ basis. Transitional provisions apply for 2023-24.

We’ve updated Sage Business Tax to include both the transitional rules and the switch to actual basis. We will include basis period reform updates for both Sage Partnership Tax and Sage Personal Tax in our next full release, due in Spring 2023.

HMRC has issued revised instructions, clarifying how a gain on land or property made by a non-resident which is also a qualifying Business Asset Development Relief asset should be shown on the capital gains summary pages.

We have updated our software in accordance with these instructions. See our Knowledgebase article for further details.

We've updated our validation processes and information about Special Cases and Exclusions, in line with the latest HMRC advice.

The Self-employment and UK Property sections now enable you to enter claims specifically for Zero-emission cars and Freeport Structures and Buildings

We’ve adjusted the way we post details between tax modules.

Re-posting Personal Tax data will no longer overwrite existing entries unaffected by amendments.

We'll also flag areas affected by new postings with a red cross for review.

This includes:

• Sage Business Tax to Sage Personal Tax
• Sage Partnership Tax to Sage Personal Tax

We’ve updated our COVID-19 guidance banners which link to a new extensive COVID-19 data entry guide.

Open the Reporting COVID-19 support payments to HMRC guide

View our Sage Advice article for a detailed overview on the coronavirus recovery plan support measures.

We have added to Tax adjustments and charges a COVID-19 page, to enable you to declare that all relevant support payments have been declared and to declare report any incorrectly claimed support scheme payments not already repaid.

We have amended Residence details, to enable you to report days spent in the UK to carry out specified COVID-19 related work.

We have also amended Self-employments and Partnerships, to enable you to report any relevant support payments.