It is much easier for us to generate the information we require with CAD. As much as we can, we have automated the process and now everything we need is in one place. Tax Automation provides a very personal and bespoke service. If there is a feature that we want CAD to provide, Tax Automation takes this feedback on board and we usually find the feature incorporated into the next release.
Comprehensive capital taxes reporting and computation system
Capital Assets Database
Tax Automation’s CAD software is the UK’s market leading corporate tax property database and calculation engine. CAD supports organisations with extensive property portfolios including retail, hospitality and property investment companies.
Available as SaaS or on-premises installation.
Take ownership of the data required for accurate tax reporting, tax compliance and tax planning for the business.
Chargeable gains & capital allowances
- Comprehensive support of chargeable gains legislation including April 1965 & March 1982 kink tests
- Multiple part disposals, short leases including s47 TCGA 1992 split computations
- Track CA claims at property level
- What if? scenario planning calculations across multiple properties and legal entities
- s41 TCGA 1992 loss restrictions and Structures and Buildings Allowance (SBA) clawbacks
- Maintain rollover & holdover claims including re-rolled holdover claims
- Transfer taxable gains under s171A TCGA 1992
- Track multiple inter-group transfers under s171 TCGA 1992 including rolled up s56 indexation, s41 loss restrictions & rollover/holdover
Tax reporting for deferred tax
Key features
- Multi-year database maintains full capital histories of entire portfolio
- Available as fully hosted SaaS or on-premises solution
- Import data from almost any source including SAP HANA & Oracle Fusion
- Wizards guide users through disposals, rollover claims and intercompany transfers
- 2 click export to Excel with formulae and formatting for reports, searches and grids
- Full audit trail supports internal & external auditors as well as HMRC
- Comprehensive search functionality
- Monthly web updates for tax rates and RPI data
- Multiple user roles including read-only access for non-tax staff to explore planning scenarios eg finance, property and legal
- Extensive standing data fields make CAD a one-stop shop for all property portfolio related data
- Central repository for property VAT related data including key dates and upload OTT documents
- Full access to support desk via phone and email
VAT data – including CGS administration module
- Central repository for VAT related property data including key dates
- Upload key VAT documents per site including OTT elections
- Maintain CGS calculations across full 10 or 5 year lifespan
- Identify and track potential new CGS Items
- Update existing CGS Items for new expenditure in later years
- Generate reports including HMRC REE (Real Estate Election) updates
- Full range of disposal calculations including CGS adjustments
- 2-way integration with CAD
Client testimonials
What I like about Tax Automation is that you get a Big Four accounting firm experience combined with what feels like a very personal service. I have also recommended Tax Automation to other people in the industry.
They delivered on time and to a very demanding schedule. The fact that the team had such in-depth tax knowledge was a huge bonus. I was also impressed by the wide range of knowledge that they had on the various technology systems available in the market and how they were able to explain the pros and cons of each of these to us.
CAD has enabled us to deploy good tax practice and manage risk more effectively.
We implemented Tax Automation’s CAD product in 2008 and it is heavily used within our finance and tax functions for Capital Gains Tax (CGT) analysis. We have been extremely pleased with both the product and the service.
We started off with what we thought was one small need around our internal approval controls and, thanks to Tax Automation’s VAT Controller, the solution we developed was a completely streamlined, end-to-end VAT returns payment process.
Tax Automation worked with us during an extremely difficult time. We had to change deadlines on various occasions and Tax Automation always seemed to have an innate ability to anticipate our needs and work with us. I wouldn’t hesitate to recommend them. The team was also very realistic about what could and couldn’t be achieved and was very upfront about our requirements which I found refreshing.
Working with Tax Automation always felt very professional. With unforeseen delays and complexities, the whole team was always focused on getting the project done right and there was never an unexpected conversation about project fees. The Tax Automation team was skilful on both the tax technical side and IT side. We thank them for all their hard work.
Tax Automation provided bespoke development around our in-house tax system so that we could put a solid compliance process in place and easily identify and update corporation tax and capital allowance claims. Tax Automation provided a responsive customer-driven service, personalised around our needs and built around service excellence. The team is extremely knowledgeable and we have very good discussions when we troubleshoot issues – I can’t fault the after care service.
We place a huge level of reliance on CAD as a business for our tax and financial reporting and we needed to ensure that the figures we submitted to HMRC were right. I was confident that Tax Automation could support our requirements.
As soon as we saw Tax Automation’s Capital Assets Database (CAD) we knew it was exactly what we were looking for. The level of functionality available is impressive and Tax Automation’s knowledge of this complex tax area was clearly demonstrated.
The work that Tax Automation has undertaken has enabled us to put our VAT spreadsheets together more efficiently. Where we used to input manually and copy and paste from other documentation, this has now been completely automated.
I can’t fault Tax Automation. The team has a real can do attitude and delivered excellent customer service. The whole experience was fast and efficient. It was a pleasure from start to finish and nothing was too much trouble. We now have a much-improved system for our chargeable gains reporting.
VAT Controller has given us the control and governance that we needed. It provides us with due diligence and an audit trail. Authorised senior people can sign off on the numbers with confidence – they can log into VAT Controller and all the information is there.
We selected CAD because it was the best fit for our technical requirements, the Tax Automation team’s proposals addressed our concerns and the solution could be delivered on a hosted platform which eased the implementation from an IT perspective.
Tax Automation’s approach is refreshingly personal. The team is very knowledgeable; they understand tax nuances and worked to accommodate these into our spreadsheets. They also made sure that they understood our business in order to deliver global bespoke spreadsheets for our tax reporting.
Tax Automation was extremely responsive, very pragmatic in the way it approach a problem and very proactive towards a solution.
We wanted to implement a solution that would enable us to have more control around our VAT Returns and payments processes and a clear audit trail and VAT Controller has helped us achieve this. Another key benefit is that it puts all the data into one central location. I wouldn’t hesitate in recommending the product.
Unlike other organisations, I find Tax Automation is also very receptive towards suggestions and improvements to the system. I would recommend Tax Automation as a first port of call for any company looking to improve tax processes in any way.
Accurate tax reporting
See what our clients say about CAD, VAT Controller and working with Tax Automation.