IRIS Autumn 2025 Full Features v25.3.0

Overview

The IRIS Accountancy Suite Autumn release version 25.3.0 includes updates to Dormant Company Accounts and information about the pending updates to ECCTA Identity verification coming in November. In Personal Tax, MTD ITSA capabilities continue to be strengthened and in Business Tax, new Visual Effects expenditure support within AVEC claims. And in Trust Tax, comprehensive support for trusts transitioning to tax year basis taxation. In Practice Management the email functionality has been significantly enhanced. The release also includes the usual legislative updates.

IRIS Company Secretarial

AA02 – Dormant Company Accounts
We have updated form AA02, Dormant Company Accounts to use the latest FRC 2025 Taxonomy for electronic filing to Companies House.

ECCTA Identity verification (IDV) update
From 18 November 2025 all companies will need to ensure current Directors, PSC’s and LLP Members have their identities verified either with Companies House directly or through agents as Authorised Corporate Service Providers (ACSP’s). Any new appointments of the same role will also need to be verified.

We are currently implementing changes to make both Company Secretarial and Company Formation products ready for the launch. These changes are currently planned for the Autumn service pack due in early November. Once the service pack has been installed the product will continue to work as it does today and then from the 18^th will dynamically change to include the relevant new form and Companies House filing schemas.

IRIS Personal Tax

Making Tax Digital for Income Tax Self Assessment (MTD ITSA) – Enhanced Functionality
IRIS Personal Tax continues to deliver comprehensive MTD ITSA support, helping agents prepare for mandation with confidence. Our established functionality covers the complete MTD journey – from quarterly submissions for self-employment, UK property, and foreign property income, through to other income sources, reliefs, and final end-of-period statements. This end-to-end digital capability ensures seamless compliance for individuals within the MTD scope, providing a fully integrated solution from quarterly reporting through to annual submission completion.

Autumn Release Enhancements in version 25.3.0:

Enhanced MTD threshold data mining – identify clients eligible for MTD from April 2026 through the updated Digital Tax client list functionality.
Auto-creation of HMRC-held employments and state benefits – streamline data entry by automatically populating individual employment and benefit data directly from HMRC records, reducing manual input and improving accuracy for end-of-year submissions.
Improved error handling – enhanced diagnostic tools to identify and resolve submission errors more efficiently during the MTD process.
Updated API compliance – latest income and relief API updates ensuring continued alignment with HMRC’s evolving MTD requirements.
Enhanced data entry controls – disabled manual data entry for MTD-compliant individuals to ensure adherence to HMRC’s digital record-keeping requirements.

These enhancements further strengthen the MTD preparation process, delivering greater efficiency and accuracy for practitioners managing the transition to digital tax compliance.

Resolved issues:

Correctly calculating farmers averaging in tax year 2024 for individuals who are part of a partnership.

Self-employment income appearing on the tax computation even when fully utilised by overlap relief in 2024.

SEIS relief updated to £200,000 rather than restricting to £100,000.

Individuals with self-employment income – we have corrected the carry forward of loss for tax year 2025 to 2026.

Capital gains being taxed incorrectly at the higher rate where there are post budget gains.

IRIS Business Tax

Audio Visual Expenditure Credit (AVEC) – VFX Expenditure Support
IRIS Business Tax now supports Visual Effects (VFX) expenditure within the Audio-Visual Expenditure Credit (AVEC) claim process.
This enhancement enables users to:

Enter and calculate VFX expenditure alongside other qualifying audio-visual costs.
Apply the enhanced 39% credit rate for VFX expenditure (effective April 2025 for costs incurred from January 2025).
Manage multi-trade productions across film, TV, animation and children’s programming.
Generate compliant CT600 returns with accurate VFX calculations.

This release ensures users can fully utilise the enhanced VFX provisions within AVEC claims for qualifying British-certified productions, maximising available relief for visual effects expenditure.

Resolved issues:

Updated to ensure marginal relief is calculated only when applicable.

Updated creative tax credit rate from 34% to 54%.

Balancing charges incorrectly appearing as balancing allowances on the tax computation.

IRIS Trust Tax

Basis Period Reform – Tax Year 2024/25 Implementation
IRIS Trust Tax includes comprehensive Basis Period Reform functionality for the 2024/25 tax year transition to tax year basis taxation.
This enhancement enables users to:

Calculate and manage transition profits for trust businesses affected by the move from basis periods to tax year taxation.
Complete SA900 Trust and Estate Tax Returns with basis period reform calculations for 2024/25.
Manage the new tax year basis taxation requirements for 2024/25 onwards.
Generate compliant electronic Trust tax returns in accordance with HMRC legislation.

This release ensures accurate compliance with basis period reform legislation for trusts with trading income now operating under the new tax year basis for 2024/25.

All Tax

Tax legislation updates:

Updated dividend database – Reflects the latest announced dividends to ensure efficiency when importing data for an individual’s tax return.
Refreshed paper checklist – Updated to incorporate current tax year changes.
Enhanced CT taxonomy tagging – Improved tagging accuracy for Limited Company submissions, ensuring higher quality data submission and compliance.

These foundational updates ensure the IRIS tax products remains current with the latest tax requirements and provides reliable, accurate data for all client submissions.

IRIS Productivity

Enhanced email functionality

Implemented Microsoft Graph API to enable seamless integration with IRIS Practice Management ahead of SMTP end of life support from Microsoft.
Improved User experience to include Practice disclaimer and User signatures.
Ability to send emails to client’s with cc and bcc fields.
Support to use HTML formatting when sending emails, image imbedding, and adding/removing attachments.

IRIS Time & Fees

Resolved issue:

Incorrect Ex VAT displayed for Invoices on Fees Postings List report.