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.

IRIS Business Tax Knowledge Base

181 articles

ias-7637

IRIS Business Tax

How does Iris deal with the Annual Investment Allowance

Iris deals with AIA in different ways depending on whether the Asset is a pooled asset or an individual asset…

ias-7374

IRIS Business Tax

Error 5015 in known facts check

The submission for the user and tax year has already been successfully made. In order for the return to be…

ias-6023

IRIS Business Tax

Interest received for a partnership

Users are required to: 1. Log on to Business Tax and select the client. 2. From the Trades menu, select…

ias-5565

IRIS Business Tax

Schedule DV Losses

Sch. DV losses can only be relieved against Sch. DV profits from the same trade or property: - This loss…

ias-5569

IRIS Business Tax

What are the types of charges and how can they be utilised?

Types: 1. Trade royalties, etc which are incurred as a necessary part of the trade. 2. Non trade, charitable donations…

ias-5567

IRIS Business Tax

Schedule DVI Losses

Sch. DVI losses can only be utilised against other Sch. DVI profits of that or any subsequent accounting periods: -…

ias-5568

IRIS Business Tax

Management Expenses

Management expenses can be utilised against the total profits of the company: - These expenses are to be entered into…

ias-5562

IRIS Business Tax

Schedule D Case I Losses

Sch. DI losses arising in the current period can be utilised against total profits of the period: - These losses…

ias-5563

IRIS Business Tax

Schedule D Case III Deficits (Loan relationships)

DIII losses may be used against any other income in that same period: - This loss is to be entered…

ias-5244

IRIS Business Tax

06/04/07 and 05/04/08 appear in boxes 3.4 and 3.5 of the return

The guidance in the Self Assessment Partnership Tax Return Guide page 7 states that if no accounts end in 2007-08…