Run your Annual Tax Computation (tax memo)
Compute your fiscal-year tax memo from live books using your country's rule pack, review each tab, and export the PDF.
The memo is computed entirely from your country's versioned rule pack - rates, bands, allowance classes and wording. Tax settings (sector, size, elections) live on the Settings tab and are defined by the pack. 2025 and 2026 packs are live; the engine picks the pack by your fiscal-year start date.
Step-by-step
- 1Open the memo
Go to More Tools → Tax Centre → Annual Tax Computation and click Run Engine. The badge under the title shows which rule pack (country, year, version) computed your figures.
- 2Read the Summary tab
§1 starts from accounting profit and lists every add-back and deduction in plain words. §2 replaces book depreciation with the tax depreciation / capital allowances your country allows, then shows taxable profit and each tax line.
- 3Check Capital Allowances and Disposals
The Capital Allowances tab lists every asset with its statutory class and allowance. Assets sold in the year appear in 'Disposals in the period' with the tax written-down value, proceeds and the balancing allowance or charge the rules require.
- 4Act on the amber banner
If a banner says 'Figures may be out of date', the rule pack changed (or a mid-year rule took effect) after your last run. Click Recalculate now.
- 5Export
Use Download memo (PDF) from the header for your accountant or filing file.