IAS-21251 Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero/negative + 3001 8223

personal-tax-share-of-partnership-trading-profits-sa104s-is-greater-then-zero-8223

IAS-21251 Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero/negative + 3001 8223

12th July 2024

IRIS Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero OR is negative etc or 3001 8223

If you have a Partnership entry for the period and get the error which normally means the values are not adding to the expected results:

1. Load the client in PT and relevant year
2. Open the period
3. Business Details
4. Tick ‘Force Full Partnership pages’
5. Regenerate the return.
6. If you still get the SA104s is greater then zero: You may have an overlap entry that has been entered twice – eg: once for Trading Income and again for Other Income – and therefore has been claimed twice. Trading income overlap must be utilised against any transitional part profits, which is automated by the software. By adding the second Other Income overlap value, and setting it against other income, it has also reduced the adjusted profit value in box 16 and this is what triggers the validation, so revisit the overlap and ensure that the correct amount is claimed.
7. If all the steps above do not work then please update to IRIS version 25.2.0 and regenerate and submit again

2025 year and version 25.2.0

1. If the 25.2.0 did not work and you have these two errors below, then follow the steps: Run a refresh of PT data and then check if the SA104 full page1 box 8 calculation.
2. Load the 2024 year
3. Open the Partnership period and select magnifying glass alongside Transitional period profits taxable (even if there is not already a value there).
4. Close the Transitional period profits taxable summary screen
5. Run Tax Comp and the Trade computation
6. Load the 2025 year and run Bring forward data.
7. Run the 2025 Tax comp and it will include (if any) Transitional period profits (and taxed if it meets HMRC rules), it will create FULL Partnership pages but you may still get the same validation but you may not get a 8223 when submitting but if you still get 8223 then please await our future fix. Do check step 8 below.
8. If Box 8 on the SA104 Full partnership pages shows a incorrect calculation (eg higher value)- There has been a number of these issue which have been reported where it is incorrectly adding two accounting periods together. The Development Software Team are aiming to have this issue resolved in IRIS Software Version 25.3.0, which is due to be released week commencing 29th September 2025 (subject to change).