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2963 articles

personal-tax-period-reform-2024-farmers-averaging-combining-two-periods-incorrectly

Personal Tax- Period Reform 2024: Farmers Averaging combining two periods incorrectly

The Farmers Averaging under the Period Reform 2024 is incorrectly combining the total figures for two accounting periods in the…

personal-tax-period-reform-2024-schedules-of-data-is-showing-incorrect-totals-compared-to-trade-comp-etc

Personal Tax- Period Reform 2024: Schedules of Data is showing incorrect Totals compared to Trade comp etc 

The Schedules of Data report in IRIS Personal Tax is currently showing incorrect 'totals' for Self employment and trade income…

business-tax-invalid-data-entry-company-name

Business Tax- Invalid data entry company name

The company name is too long and needs to be edited or shortened - the warning will also list the…

personal-tax-use-income-loss-against-capital-gain-cg3-box-46

Personal Tax- Use income loss against capital gain (CG3 box 46)

This is for a trade loss etc against a Capital gain. If a Sole trade loss Run the Trade comp…

personal-business-tax-shareholdings-how-to-add-decimal-entries

Personal/Business Tax- Shareholdings, how to add decimal entries?

IRIS PT and BT may block shareholding values with decimal entries with a warning (for Example share entry of 1.11).…

personal-tax-capital-disposal-with-private-resident-relief-ppr-missing-from-tax-comp-how-to-restrict-loss

Personal Tax- Capital Disposal with Private resident relief (PPR) missing from Tax comp, how to restrict loss?

HMRC Restriction – In Personal Tax, you cannot claim any type of relief against a capital loss (For example: The…

personal-tax-period-reform-2024-partnership-income-has-incorrect-adjustment-apportionment

Personal Tax- Period Reform 2024: Partnership income has incorrect adjustment/apportionment

The system is currently time apportioning (for a longer/extended period) for Partnership income (for example UK interest and Property income)…

fixed-asset-register-is-not-depreciating-correctly

Fixed Asset Register is not depreciating correctly

IRIS Fixed Asset Register is calculating the depreciation on the Cost figure instead of the net book value. Please read…

personal-tax-period-reform-2024-transitional-profits-are-calculated-when-income-is-under-personal-allowance

Personal Tax- Period Reform 2024: Transitional profits are calculated when income is under Personal Allowance

The total profit for the extended period is Calculating a tax liability on the transitional part of the profits, even…

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

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: Load the client in PT and relevant…