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3016 articles

business-tax-losses-box-160-must-not-be-greater-then-box-155-box-165-must-equal-box-155-minus-box-160

Business Tax- Losses: Box 160 must not be greater then Box 155. Box 165 must equal Box 155 minus Box 160

You get the warning when generating a new BT tax return Load BT and the client and correct period Edit and Losses Review and correct…

personal-elements-tax-ai-anomaly-detection-tax-year-comparison

Personal/Elements Tax- AI Anomaly Detection Tax Year Comparison

IRIS Personal Tax and Elements Tax has a new AI tool (AI powered Anomaly Detection) released in IRIS version 25.4/Latest Elements update (Explained on the…

ias22437-personal-tax-25-3-incorrect-taxed-transitional-profits-2024-and-also-the-carried-forward-to-2025

IAS22437 Personal Tax- 25.3 Incorrect taxed Transitional Profits 2024 and carried forward to 2025 (Fixed 25.4)

This is a DEFECT in IRIS version 25.3.0 where the year 2024 Apportioned Profits taxed values (STEP5) are incorrect/reverted which in turn then affects the…

trust-tax-25-3-non-resident-capital-gains-but-missing-blank-cg-comp-pages

IAS 22319 Trust Tax – 25.3 Non-resident Capital gains but missing/blank CG Comp/pages (26.1 fix)

When the Trust is non-resident the capital gains computation/pages should be produced. Since April 2019, non-resident trusts have been subject to UK CGT on the…

business-tax-post-01-04-2024-rd-sme-and-rdec-intensive-tax-credits-box-653

Business Tax- Post 01/04/2024 R&D SME and RDEC – Intensive tax credits (Box 653)

From 2025 new BT rules for R&D and RDEC With effect from 01/04/2024 the SME and RDEC scheme's were merged and to be in a…

business-tax-non-uk-resident-tax-rate-want-25

Business Tax- Non-UK Resident Tax Rate want 25%

Load BT and then load the client and the relevant period. The 'Rate of Tax' is based all the entries been made below: Go to…

personal-tax-25-3-0-2024-farmers-averaging-incorrect

Personal Tax- 25.3.0 2024 Farmers Averaging incorrect (Fixed 25.4)

This is a known DEFECT on version 25.3.0 where the 2024 Farmers Averaging calculation is incorrect. Our Development team is looking to release a fix…

ias-22165-business-tax-25-3-manual-postings-will-not-show-correctly-on-tax-comp

IAS 22165 Business Tax- 25.3 Manual Postings will not show correctly on Tax Comp (Fixed 25.4)

If you go to Business Tax - Edit and Posting and add a entry, this will not show on the Tax computation correctly (Shows as…

business-tax-quarterly-instalments-reminders-not-working

Business Tax- 25.3.0 Quarterly Instalments Reminders not working

In IRIS Version 25.1.0/25.2.0/25.3, In Business Tax- the Quarterly Instalment payment reminder are due warning should be auto loading in BT. There is a known…

ias-personal-business-trust-when-generating-a-tax-return-report-it-wont-load-and-iris-may-crash

IAS Personal/Business/Trust- When generating a Tax return/Report it wont load and IRIS may crash?

When generating a SA100/CT600 etc Tax return - starts to process it but ends/nothing loads up on screen (may freeze/crash) When generating a Report like…