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Accounts to Business/Personal Tax: Linking Codes (eg 96) to SEISS box 70.1 Sole traders

Article ID
accounts-to-business-personal-tax-linking-codes-to-seiss-box-70-1
Article Name
Accounts to Business/Personal Tax: Linking Codes (eg 96) to SEISS box 70.1 Sole traders
Created Date
5th October 2021
Product
Problem
IRIS Accounts to Business/Personal Tax: Linking Codes to SEISS box 70.1 for sole traders
Resolution

October 2021: SEISS (Self Employment Income Support Scheme) Mapping update
To cater for the transfer of SEISS grants from Accounts Production, through to Business Tax into Personal Tax, due to the temporary nature of SEISS, we have added the ability to update the mapping for this within Business Tax for Sole Trades.
It is now possible to update the mapping globally or for a specific client via Setup | Accounts for self-assessment, for SEISS to transfer directly to box 70.1 on the SA return.

How to setup as a Sole trader

You must update to IRIS version 21.3.0 or later (Help | About).

  1. In Business Tax, go to Setup | Accounts for Self-assessment
  2. Selecting Business will update mapping for the selected client.
  3. Selecting Chart will update mapping globally.
  4. Selecting either Business or Chart.
  5. Select the corresponding tax year.
  6. Highlight and select Change on box 70.1 Self-Employment Income Support Scheme Grant.
  7. Select Add. Add the account code to which SEISS has been posted to in AP.

When refreshing data from Business tax to Personal tax, SEISS will map to the corresponding SEISS field.

There is a known DEFECT where 70.1 doesn’t show for 2022 tax years. This is being investigated and if you need to submit a SA100, then manually enter the SEISS values into PT directly. If you also need to correct the values in BT – then disallow the value in BT then access the sole trader page and edit the Other income, disallowed and SEISS figures.

This will be fixed in Version 22.2.0, which is due to be released in August 2022 (subject to change).
Note: Any edits you make in AP/BT wont be auto picked up in PT.

If a LTD CT600 to enter COVID grants: In BT, go to Data entry | Calculation – Corona virus support scheme and overpayments

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