Personal Tax- Trade Profit incorrect on Tax Comp 25.1.3.33 (Fixed)
Article ID
personal-tax-trade-profit-incorrect-on-tax-comp-25-1-3-33
Article Name
Personal Tax- Trade Profit incorrect on Tax Comp 25.1.3.33 (Fixed)
Created Date
15th May 2025
Problem
IRIS Personal Tax- Trade Profit incorrect on Tax Comp 2025 affecting 25.1.3.33 and may create a 6492/6594 error when submitting
Resolution
If you are NOT on IRIS version 25.1.3.33, then please update to this version as there was a fix released on the incorrect calculation on the Tax Computation etc and getting a 5 day difference (360/365 days).
If you are already on IRIS version 25.1.3.33 and the Tax computation shows a different Trade profit value but the Trade Computation and the SA100 are correct (eg SEF or SES pages) and this may also affect the Tax comps NIC2/4 calculation and create a 6492/6594 error when submitted (The 6492 KB also mentions this defect on the trade check steps).
This is a confirmed DEFECT and the IRIS Development team have released a fix on IRIS version 25.1.4.42. Please update and recheck the values.
We sincerely apologise for the inconvenience.
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