IAS 21091/22065 Personal Tax- Partnership Interest incorrect and has Overlap profit/relief from 2024 (Fixed 25.4)
Article ID
personal-tax-25-2-0-partnership-interest-incorrect-has-overlap-profit-relief-from-2024
Article Name
IAS 21091/22065 Personal Tax- Partnership Interest incorrect and has Overlap profit/relief from 2024 (Fixed 25.4)
Created Date
18th August 2025
Problem
Resolution
If you are on IRIS 25.2.0 and 25.3.0 and the Interest values is not correct (but its not apportioning it by 360/365 days)- eg Trade income on the Tax comp is not including the correct Interest Income. Run the Schedules of data – it should show the correct Interest value. Now change year to 2024, open the relevant 2024 period(s) (check all relevant periods in the 2024 year)- Is there a OVERLAP PROFIT entry with days and values and is it being used against other income?
If yes then our Development team has confirmed this is a DEFECT on 25.2.0 and 25.3.0. There is a fix in version 25.4.0 for Mid November 2025
Do use the workaround below (if it dosnt work then please await news from us):
- Go back to 2024 year
- Open the period(s) related to the 2024 year. Trade Profession or Vocation I Trading Income tab, note down all the values and then Manually delete a) the days/values entered in the Overlap profit field AND b) the Other Income Overlap profit used backing screen (you need to click on the magnifying glass) and Save.
- Change year to 2025 and run the tax comp and SA100 and it will be corrected – when ready then submit to HMRC
- Go back to 2024 year- add back the deleted Overlap days/profits and Overlap used.
- Keep a note this 2025 was submitted without the overlap entries to get around this defect.
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