Knowledge Base Articles

personal-tax-period-reform-spread-transition-profit-as-arising-difference-fps16-1-minus-fps16-2-must-be-greater-than-zero

Personal Tax- Period Reform: Spread Transition Profit as Arising, Difference FPS16.1 minus FPS16.2 must be greater than zero

You get this warning above when generating a Tax Return as this is because PT is missing date data Load the Client in PT and…

trust-tax-you-have-reached-your-license-package-limit-select-client-that-has-data-entered-for-current-year

Trust Tax- You have reached your License Package Limit. Select client that has data entered for current tax year

Trust Tax has TWO license checks running at the same time. You may have both issues, so you have too many active clients AND too…

business-tax-client-warnings-system-info-client-has-no-chart-connection-or-parameters-invalid

Business Tax- Client warnings ‘System info’, client has no chart connection or parameters invalid

When you load a Partnership etc in Business Tax OR you created it directly in BT (and not used Accounts Production) and you get these…

personal-tax-iris-transitional-profits-calculates-through-days-method-not-months-or-weeks

Personal Tax- Period Reform: IRIS Transitional Profits calculates through ‘Days’ method not Months or Weeks

IRIS Transitional Profits only calculates through Days method not Months or Weeks This issue has been raised with the Development Software Team and confirmed: IRIS…

personal-tax-period-reform-profit-or-loss-of-the-transitional-partfse73-1-is-present-so-sa103f-overlap-relief-not-previously-deducted-on-a-change-of-accounting-date-should-be-absent

Personal Tax- Period Reform: Profit or Loss of the transitional part[FSE73.1] is present so [SA103F Overlap relief not previously deducted on a change of accounting date] should be absent

SA100: Sole trade validation appearing – where there is a sole trade with no transition profits with the overlap is being included in the Transitional Periods…

personal-tax-incorrect-calculation-of-basis-period-incorrect-year-end

Personal Tax- Period Reform: Incorrect calculation of Basis period (incorrect year end)

There are instances where the Personal Tax basis period calculation is incorrect as it should be 12 months from the end of the last accounting…

business-tax-rd-additional-information-form-tick-box-is-missing-box-660

Business Tax- R&D SME Missing Tick boxes like Additional information (box 660)

This affects IRIS version 24.3.0, when entering R&D SME enhanced expenditure for a client, it is not automatically filing out box 660 or showing the…

personal-tax-transitional-profits-calculating-not-at-the-expected-20-tax-rate-why

Personal Tax- Period Reform: Transitional Profits Calculating not at the expected 20%/40% tax rate, why?

The IRIS Personal Tax calculation is correct as confirmed by the IRIS Development Team. Also if the Transitional Profits is taxed at NIL then read…

business-tax-sme-research-and-development-entry-for-rd-expenditure-not-populating-the-rest-of-the-boxes

Business Tax- 2024 SME R&D, entry for R&D Expenditure not populating the rest of the boxes

For example: In 2024- Data Entry | Research and Development CT600L | SME Research and Development - enter £XXX R&D Expenditure - but the expected…

personal-tax-3001-8219-amount-in-box-fps16-must-equal-fps8fps9

Personal Tax – 3001 8219 amount in box fps16 must equal fps8+fps9. Share of Profits SA104F must equal

When generating you may get a validation: Share of Profits Amount in box SA104F Adjusted profit for year must equal When submitting online you get…

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