Menu

Pegasus Update News

All the latest about Pegasus solutions

To get the most from your Pegasus Software tools, you need to know when the latest updates are available. As well as emailing our customers directly, we also put relevant details on this page. To request download information for links and passwords for upgrade files, please contact your account manager or email pegasusupgrade@tmb.co.uk.

Capital Gold Payroll Release – 4.07.00 – Teachers Pensions

If your customer is using Teachers Pensions, please follow the instructions below.

Teachers Pension Rates for tax year 2019/20

AFTER you have completed the Year End procedure, you will need to ensure the correct rates are populated for Teachers pensions. A back up of your data should be taken prior to  commencing:

Log into the Capital Gold Payroll Admin screen:

Plus Pack Users

1. At the Capital Gold Payroll login form – enter SYSTEM in the Name box.

2. Enter password in the Password box and click OK to load the Admin Screen.

Non Plus Pack Users

1. At the Capital Gold Payroll login form – enter password in the Password box and click OK to load the Admin Screen.

Changes to the Teachers Pensions Rates

1. Click `File > Companies > Teachers` Pension Amendments`.

2. Edit the rates within the Tiers to reflect the new rates as detailed in the screen below;

Once you have updated the rates – click on  `File > Use Capital Gold Payroll` and login to the software with your usual login details.

Pegasus Releases MTD Videos

If you’re unsure about Making Tax Digital and how it works with Opera 3, these videos are for you.

Introducing Making Tax Digital

Introducing Making Tax Digital and the implications this will have to businesses within the UK.

Explore how to operate VAT under MTD rules within Opera 3

Important Updates For Payroll 2019 And Making Tax Digital For VAT

Please note that due to the minimum changes required for closing the 2018/19 tax year, no end-of-year video will be supplied. Please use the Payroll 2018/19 checklist below.

OPERA 3 v2.60.00 and Capital Gold v3.80.00

Good news: the release of Opera 3 Payroll 19 & Making Tax Digital for VAT (MTDV) is now available.

Opera 3 (All variants) – Pre-requisite information

Pegasus have implemented all the necessary mandatory changes for Payroll & MTDV in Opera 3 and Capital Gold 3.80.00 (due for release in March).

Pre-requisites required for Opera 3 v2.60 (server and client):

  • .NET Framework 4.7.2

Pre-requisites required for Opera 3 v2.60 for MTD (Server):

  • Pegasus Scheduler v2.20.00 (will be used to communicate to HMRC and to submit the VAT return.)
  • SQL Express 2014, 2016 or 2017 (a pre-requisite for Pegasus Scheduler v2.20.00)

Before MTDV can be switched on, it is necessary for customers to commit the last VAT tax period in Opera 3 prior to the commencement of MTDV and any other prior VAT periods where data hasn’t been committed.  The technical uplift to .NET Framework 4.7.2 to satisfy the security and technical requirements surrounding HMRC’s APIs (for all Opera clients) and the installation of the new version of the Pegasus Scheduler version 2.20.00 is required.

All Opera 3 client machines MUST have .NET Framework 4.7.2 installed, regardless of the requirement for MTDV / Scheduler.

Pegasus has listed the Microsoft supported platforms for .NET Framework 4.7.2:

  • Windows Server 2016 (version 1709)
  • Windows Server 2012 R2 (x64)
  • Windows Server 2012 (x64)
  • Windows Server 2008 R2 Service Pack 1 (x64)
  • Windows 10 Fall Creators Update (version 1709) (x86 and x64)
  • Windows 10 Creators Update (version 1703) (x86 and x64)
  • Windows 8.1 (x86 and x64)
  • Windows 7 Service Pack 1 (x86 and x64)

We have asked Pegasus to clarify its position on SBS 2011 and Windows 2012 Essentials.  It has advised as follows:

‘We have successfully tested the Opera 3 MTDV solution on both platforms; however we can’t quantify the impact .NET Framework 4.7.2 may have on the other components on the platform and we can’t disregard Microsoft’s position that it is not supported. Regrettably, we have no option but to withdraw support for these platforms where MTD is in use.’

Please note that uplifting .NET Framework 4.7.2 on either of these platforms therefor will not be supported and will mean we cannot install Pegasus Scheduler 2.20.00.

.NET FRAMEWORK 4.7.2 and EXCHANGE SERVER

TMB is aware that there are issues with regards to .NET Framework 4.7.2 and Exchange server 2010/2013/2016. 

DO NOT install .NET Framework 4.7.2 if you are using Exchange Server 2010. Installing/upgrading to .NET 4.7.2 will potentially bring down a server or stop mail flow. 

According to the Support Matrix for Exchange server, .NET Framework 4.7.2 is now supported by the latest Cumulative Updates of Exchange (CU 11 for Exchange 2016 and CU 21 for Exchange 2013).

Please contact your IT support company for further information before installing .NET Framework 4.7.2.

Please see .NET Framework 4.7.2 Flowchart for further guidance.

Preparing for MTDV

MTDV starts on 1 April 2019, businesses would only be mandated for MTDV if their taxable turnover is above £85,000 and when the first full VAT period starts on or after 1 April 2019 – a VAT period is the inclusive dates covered by a VAT return.

Where MTDV applies to a business, that business will no longer be able to use HMRC’s online VAT submission portal; VAT returns must be submitted from software using HMRC’s new API platform.

For businesses mandated to use MTDV, it applies from the first VAT period starting on or after 1 April 2019 (a ‘VAT period’ is the inclusive dates covered by a VAT return). Businesses would only be mandated for MTDV if their taxable turnover is above £85,000 and when the first full VAT period starts on or after 1 April 2019.

Below are a couple of examples to illustrate when a business, who will be mandated for MTDV after 1 April, will have to adhere to MTDV:

Example 1: A business submits a quarterly return, and their next return covers the period 1 March to 31 May 2019. As the whole of the VAT period is not on or after 1 April 2019, the business will need to start complying with MTDV rules from 1 June 2019. This means the VAT return for the period 1 March 2019 to 31 May 2019 will be submitted using Online Filing Manager or HMRC online portal.

Example 2: A business submits a quarterly return, and their next return covers the period 1 April to 30 June 2019. As the whole of the VAT period is on or after 1 April 2019, the business will need to start complying with MTDV rules from 1 April 2019.

TMB would like to assist in every way possible to help you prepare for Making Tax Digital for VAT (MTDV).

Firstly, it is imperative we know when your first VAT Period starts on or after the 1 April 2019, to assist with our planning on when your software will need to be upgraded by.

Please complete this online form VAT Return (if you haven’t already done so). TMB will plan to schedule upgrades accordingly from April onwards.

With the release of Opera 3 v 2.60.00, which now has all the mandatory changes for MTDV, we have prepared the below fixed price package to assist with getting you ready:

MTD API – Install and configure scheduler – £400 + VAT

We have prepared a fixed price installation package for Pegasus Scheduler*.  This package includes:

  • Installing / initialising instance of SQL Express 2016 / 2017
  • Installing and configuring Scheduler v2.20.00

*Prerequisites apply

If you are interested in the above or if you would like to discuss your options in relation to SBS 2011 or Windows 2012 Essentials in preparation for MTDV – please contact your account manager.

Please Note: Capital Gold Accounts and MTDV – Like Opera 3, Capital Gold Account customers will also need to upgrade to .NET Framework 4.7.2 when they upgrade to version 3.80.00 of Capital Gold Accounts for MTDV. The release is now in testing and is scheduled for release during March.

Opera II has not been updated with Payroll changes for the 2019-20 tax year or MTD for VAT submissions. Opera II users requiring those features must upgrade to Opera 3 before processing in the 2019-20 tax year

We are also running some online training sessions on how to prepare for ‘Making Tax Digital VAT’.

These online courses cover how to process VAT in Opera, in preparation for the digital submissions required next year.

To book a space on this course please click the link below:

VAT 100: Preparing for Making Tax Digital – BOOK NOW (password is: VAT100MTD)

Please see booking page for further details on content and what is covered on this online course

Should you have any further queries, please email pegasus@tmb.co.uk and one of the team will be able to assist you.

Opera 2.60 Compatibility Flowchart

2019 Opera 3 Payroll Upgrades: Release information

The release of Opera 3 (2.60) includes the statutory payroll changes for the 2018-19 year-end and the new 2019-20 tax year. Also included are the changes for Making Tax Digital for VAT. Making Tax Digital for VAT comes into force on 1 April 2019 and will apply for most businesses with annual sales over the VAT threshold of £85,000. If Making Tax Digital for VAT applies to you, you’ll have to use digital tools to keep records of your income and costs.

This upgrade is essential as it contains the Payroll information to enable customers to submit their year-end information correctly to the HMRC and further legislative changes for April 2019.

Please check back regularly for further updates regarding the Pegasus Upgrades 2019.

Payroll Changes

Welsh Income Tax

Welsh Income Tax rates and thresholds will be recorded in the software for the new tax year. From 6 April 2019, some of the Income Tax paid by people living in Wales will be paid to the Welsh government. The Welsh government will be able to vary the rate paid by Welsh resident taxpayers. This means that they could pay different rates of Income Tax than taxpayers in the rest of the United Kingdom. In practice the UK government will reduce the basic, higher and additional rates of Income Tax by 10p. The Welsh government will then decide the rates that will be added to the reduced UK rates.

Company Car Fuel Types

Changes will be introduced to fuel classifications in the 2019-20 tax year. For those employees who already have company cars, you will need to review and if necessary, amend the fuel types.

2018-19 fuel types 2019-20 fuel types

  • D – Diesel Either stays as D – Diesel or F -Diesel cars meeting Euro standard 6d/RDE2
  • E – Electric  A – All other cars
  • H – Hybrid A – All other cars
  • A – All other cars A – All other cars

Postgraduate loans

Postgraduate loans will be deducted via the PAYE process from April 2019 in the same way as Student loans. The repayment threshold is set at £21,000 and loans will be repaid at a rate of 6%. The deductions will be based on the pay that is subject to National Insurance contributions. PGL1 and PGL2 notices are being introduced in paper and electronic formats to start and stop Postgraduate loan deductions. These will run alongside the existing SL1 and SL2 notices for Student loans.

Full Payment Submissions

These new details are included in the FPS in the 2019-20 tax year:

  • Values for postgraduate loan repayments
  • New fuel types for company cars
  • An indicator for Welsh taxpayers.

New NI, PAYE and statutory payments rates and bands

The usual changes to National Insurance rates and earnings limits, Income Tax rates and bands, tax allowances, statutory payment rates and so on will be updated in the system tables in the software.  These will be updated for each company during the Update Data Structures process as usual.  From 06/04/2019 the total minimum Auto Enrolment contributions will be 8% – with the employer contributing at least 3%.

Making Tax Digital for VAT

A new version of Pegasus Scheduler will include changes to allow VAT Returns to be submitted to HMRC using the new Making Tax Digital for VAT service ‘MTD VAT API’. All sites must install Pegasus Scheduler along with Microsoft SQL Server/Express and Microsoft .NET Framework 4.7.2.  Companies will be able to complete the following activities in Opera 3:

• Switch on Making Tax Digital for VAT at the appropriate time using the Company Profiles screen.

• Authorise Opera 3 with HMRC to allow VAT Returns to be submitted.

• Monitor the current VAT Return values and submissions using a new screen called the ‘MTD VAT Centre’.

• Retrieve the next due VAT period start date, end date and payment due date from HMRC using the MTD VAT Centre.

• Post VAT adjustments to amend VAT Return values prior to submitting VAT Returns to HMRC.

• Consolidate multiple companies VAT data into a group VAT Return.

• Submit your VAT Return using the new Making Tax Digital for VAT service.

A new version of Opera 3 SQL SE will also include changes to allow VAT Returns to be submitted to HMRC using the new Making Tax Digital for VAT service. Pegasus Scheduler is not used with Opera 3 SQL SE. Full details and instructions for setting up and using the Making Tax Digital for VAT features will be provided when the software is released.

This website uses cookies to ensure you get the best experience.