Sage Taxation 2024 R2 - What's new?
Description

It's essential that you keep your software up to date by installing all available updates, this ensures that you can continue to access your data and benefit from the latest security updates. You can check your version in the software by clicking Help and About, the latest version is v27.1.3.12

Below are the new features and changes introduced in Sage Taxation 2024 R2.

Feature: Basis Period Reform

2024/25 is the first year to which the new Basis Period Reform (BPR) changes fully apply.

This release builds upon the BPR work contained in earlier releases and allows for the calculation of self-employment and partnership income for 2024/25 and later years.

Feature: R40 We’ve included the latest form R40, which includes the ability to report the Nominee’s Agent Reference Number. We’ve also amended the Payments and Repayments section of our software to enable you to enter this reference for inclusion on the form.
Feature: HMRC Exclusions and Special Cases We've updated our validation processes and information about Special Cases and Exclusions, in line with the latest HMRC advice.
Feature: Table Error Messages

We’ve amended the Table error 68/006 messages, to provide additional information and to improve guidance as to how to resolve the cause of any such error.

Feature: Trading Income Allowance on Self-employment Short pages We’ve amended the mappings to the Self Employment Short pages, to ensure that any claimed Trading Income Allowance is shown.

 

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