Knowledge Base Articles

We don't just deliver on our promise to create powerful management products, we ensure you're equipped with the knowledge needed to tackle every business challenge.

Knowledge Base

3027 articles

kba-03621

PTP TR – why is the basic rate deduction for finance costs not appearing in the tax calculation

The deduction is worked out as 20% of the lower of: 1.  The finance costs not deducted from rental income in the year 2.  The…

kba-03624

PCSR – Part 1 of the CS01 is not populating with the SIC code change

- Highlight the company and click on the 'Open' button (at the bottom of the screen)  - Go into 'Company' tab - Click on the 'Last…

ias-12844

Personal Tax- Property Mortgage interest/Residential finance Cost Relief is missing/incorrect

This HMRC legislation was brought in from 2018, whereby 25% of the Expense type 16 or 17 for a property will be taxed at the…

ias-12842

Personal Tax- How to produce a Tax Overview?

This cannot be created in IRIS Tax Accountancy. To produce a Tax Overview please do the following on the HMRC site: - Login into HMRC…

ias-12843

Personal Tax- Claim Trading income allowance/ Expenses missing on SEF2 page. NET PROFIT LOSS SA103F validation

If you get a NET PROFIT LOSS SA103F validation: read the very bottom of this KB. If you do not claim the trading allowance: Open…

ias-12840

2014, 2015 & 2016 year for 5 years farmer’s averaging showing incorrectly

This is an issue that has been raised and it is scheduled to be fixed in version 18.2 of IRIS. This is scheduled to be…

ias-12837

Trying to retrieve HMRC data for 2017/2018 but it is picking up 2016/2017 figure

HMRC have not yet reconciled the figures for clients for 2017/2018 Tax year. HMRC will start to reconcile these figures from 7th July 2018 onwards,…

ias-12836

Where to enter an end date for a partner who is no longer within a Partnership?

Please do the following to resolve this issue in Business Tax: - Go to Client in the top left-hand cornerViewRelated tab - along the top…

ias-12835

Sa105 annual investment allowance must not be present if PRO20.2 is absent

To solve your query please do the following in Personal Tax: - UK Land and Property - UK Property Income - Edit (in the middle…

ias-12834

How to show a breakdown of depreciation policies under FRS 102 section 1A?

To show a breakdown of depreciation policies under FRS 102 section 1A go to: Edit / Data Screens / Small Companies / Financial Statements /…