PTP Summer 2025 Full Features v25.2.0
Overview
The IRIS PTP Suite Summer release version 25.2.0 includes all legislative updates to ensure your ongoing compliance, plus updates to Academy Accounts formats and the FRC 2025 Taxonomy. The release also includes resolutions to issues found in previous releases.
PTP Accounts Production (v25.2.0.378)
Academies Accounts Direction 2024 to 2025
Updates have been made to Academy Account formats, to accommodate the recently released Academies Accounts Direction (AAD) 2024 to 2025 for accounting periods to 31 August 2025.
Along with the annual updates to refer to the accounting year within the body of the report including Trustees’ Report and Governance Statement. More specifically, we have introduced several changes to data screens to align wording in the accounts note disclosure to that prescribed by the Department for Education AAD.
- Statement on Regularity, Propriety and Compliance, we have changed the wording in option B, to remove the reference to ESFA and include DfE (Department for Education) and included a check to ensure appropriate additional details of instances if material irregularity, impropriety or non-compliance are included within this particular note.
- Notes to the Financial Statements, Accounting Policies, Standard Accounting Policies, Pension Benefit, this previously was a free form screen but now includes the full AAD example wording verbatim.
- Notes to the Financial Statements, Accounting Policies, Standard Accounting Policies, Taxation again was previously included basic wording but now includes the full AAD example wording verbatim.
- Notes to the Financial Statements, Other Disclosures, Teachers Pension Scheme, Valuation. The sentence, “The result of this valuation was implemented on 1 April 2024. The next valuation result is due to be implemented from 1 April 2028” now says, “The result of this valuation was implemented on 1 April 2024. The next valuation result is due to be implemented from 1 April 2027”.
Finally, as part of a range of changes introduced by the Economic Crime and Corporate Transparency Act and the recent announcement by Companies House that from April 2027 all accounts must be filed to the registrar using commercial software, we have applied the appropriate iXBRL tagging to Academy Accounts and enabled electronic filing of these accounts within the software.
FRC 2025 Taxonomy
We have applied the latest 2025 Taxonomy issued by the FRC. This will give qualifying accounts formats access to the most current iXBRL tagging to support electronic filing requirements for both Companies House and HMRC and complement the FRS102 Periodic Review 2024 amendments introduced in the Spring 2025 release v25.1.0
PTP CT Platform (v25.2.112)
Resolved issue:
- In Corporation Tax, when associated companies were present in a return, the system required either box 326 or box 327 to contain a value. If neither box was populated, users encountered a pre-filing validation error that prevented submission.
The issue has been fixed by automatically populating box 326 with a zero value when associated companies are present but neither box would otherwise contain data. This resolves the validation blockage that was preventing users from successfully filing their CT returns when dealing with associated company scenarios.
PTP Tax Expense (v25.2.112)
Resolved issue:
- When preparing P11D returns for FBI submission the user was encountering the following error codes 53.1, 54.1, and 55.1 for 2025. The system was incorrectly restricting input to a maximum of 6 digits, despite the schema allowing for more digits. The issue has been resolved by adjusting the maximum digit allowance to adhere to the requirements set by HMRC. Users can now successfully prepare and submit P11D for 2025.
All Tax
Tax legislation and annual updates:
- Updates to the Dividends database.
- The CT Taxonomy has been updated for 2025 effective 31st May 2025.
- Updates to the latest version of the CT600.