Personal Tax- Period Reform 2024: Schedules of Data is showing incorrect Totals compared to Trade comp etc
Article ID
personal-tax-period-reform-2024-schedules-of-data-is-showing-incorrect-totals-compared-to-trade-comp-etc
Article Name
Personal Tax- Period Reform 2024: Schedules of Data is showing incorrect Totals compared to Trade comp etc
Created Date
16th August 2024
Product
Problem
Personal Tax- Period Reform 2024: Schedules of Data is showing incorrect Totals compared to Trade comp etc
Resolution
The Schedules of Data report in IRIS Personal Tax is currently showing incorrect ‘totals’ for Self employment and trade income eg where the standard part profit (i.e. the profit for the prior accounting period) is counted twice in the reports ‘Net profit’ total.
This has been confirmed as a DEFECT within the software IRIS Version 24.2.0. This is planned to be fixed on the Autumn update 24.3.0 week commencing 30th Sept 2024.
If the Tax comp, Trade comp and S100 are correct then a workaround provided is to save the Schedules of Data in Microsoft Word and manually adjust the incorrect figures. We apologise for the inconvenience caused.
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