IRIS Keytime Accountants' Suite Autumn v20.3

The Autumn 2020 release of Keytime Accountants’ Suite v20.3.80 is now available.

Please note that before you can install this version, you must have installed version 20.2 or later.

To check the version, open any Keytime module, select the Help menu and select About.

If you have a version earlier than 20.2 you can download and install 20.2 from here where you will also find instructions on how to install.

Corporation Tax

Includes an enhancement to the data entry schedules and iXBRL report for the Corporate Capital Loss Restriction.

Personal Tax

New functionality has been added to automatically calculate the Class 2 NIC liability when the state pension age is reached during the tax year.

Updated to cater for the latest HMRC 2019/20 online filing Specials and Exclusions.

Issues resolved in the Autumn release

Accounts Production

The Contents page number index was displaying incorrectly depending on certain selected report output options.

Company Secretarial

Following the announcement of the temporary (COVID-19) changes to Companies House filing requirements, and subsequent implementation on their systems, the Next Confirmation Statement due dates were not being reconciled correctly during the data check.

Corporation Tax

Where the CT accounting period ends on or before 28 October 2018 any capital allowance entries under the ‘Other charges and allowances’ category in CT600 boxes 725 and/or 750 were being duplicated in boxes 715 and/or 737 for ‘Electric charge-points’ and the duplicated values were being included in the tax calculation also, resulting in corporation tax being potentially underpaid.

Personal Tax

The Postgraduate Loan repayment calculation was being triggered incorrectly where the brought forward box 1, on Tax Return – Page 5, was ticked but no Loan Plan had been selected.