Personal Tax- The amount in box [SA106:Foreign Tax] exceeds the amount in box OR Income before Tax
Article ID
ias-12120
Article Name
Personal Tax- The amount in box [SA106:Foreign Tax] exceeds the amount in box OR Income before Tax
Created Date
13th October 2015
Product
IRIS Personal Tax
Problem
IRIS Personal Tax- Foreign Tax The amount in box [SA106:Foreign Tax] exceeds the amount in box [SA106:Income before tax].OR Income before Tax
Resolution
You have two options:
a) Check all Foreign entries where the income /and or tax shows as less than £1, and round up to full £1 or round down to £0. Remember to manually update the GROSS amount box as well as it will not automatically pick up the new values. Add a note in additional information to explain the correct penny values.
b) Remove any entries from the foreign section where the income /and or tax shows as less than £1, this can be done as follows 1. Log on to IRIS Personal Tax and select the client 2. Click Foreign then select Dividends and Interest 3. Remove any entries where the income is less than £1 Note that if the income is jointly held and would be less than £1 when apportioned these entries must also be removed.
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