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2969 articles

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PTP TR - Self Employment entries for Basis Period Reform with two sets of accounts

This example relates to a taxpayer who previously had a December year end so the last accounts were made up…

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Business Tax- CT600B Controlled Foreign Companies ADD button missing

When you load the CT600B screen the ADD button is missing. This is due to your PC settings hiding the…

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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

There are TWO different defects in PT affecting the Schedules of Data and the Tax comp and SA100 are correct:…

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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…

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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…

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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).…

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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…

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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…