Knowledge Base Articles

personal-tax-making-tax-digital-and-mtd-status

Personal Tax- Making Tax Digital and MTD Status

April 2025 Update: 25.1.0 IRIS version, this will begin HMRC MTD in IRIS Personal Tax 2024/2025. Any questions MTD@IRIS.co.uk. To register for the pilot go…

personal-tax-how-to-edit-nic-class-2-and-4

Personal Tax – How to edit NIC Class 2 and 4?

Breakdown of the NIC2/4 value: Run the 'Trade Computation' to see how PT is calculating the NIC2 and NIC4 or if it is below income…

personal-and-business-tax-you-must-setup-your-user-id-and-password-before-generating-an-internet

Personal/Business Tax: You must setup your User ID and password before generating/submit

Go to Help and About and ensure you are on the Latest IRIS version. Log in to IRIS as a MASTER user Load client in…

ps-2586-charge-rate-defaulting-to-incorrect-rate

IRIS 21.2.0 – Charge Rate Defaulting to Incorrect Rate

We have identified a defect in version 21.2.0.376 when a worktype has an assigned charge rate the next line is also defaulting to use this…

personal-business-tax-how-to-password-protect-a-client

Personal/Business/Trust Tax: How to password protect a client?

1.Load the client in PT or BT or TT 2.Client and View 3. Advanced ad then Confidentiality (if you need to remove the password -…

personal-tax-property-loss-and-claim-private-residence-relief

Personal Tax: Property Loss and claim Private residence relief?

HMRC Restriction – You cannot claim a relief against a loss. Workaround - Adjust the disposal amount to obtain the correct loss figure. Then make…

personal-tax-partnership-shows-up-as-sole-trader-or-you-only-deal-with-one-of-the-partners

Personal Tax- Partnership shows up as Sole trader OR you only deal with one of the Partners

To trigger the partnership pages you need two or more partners within the Partnership. If you only create one partner within the business then PT…

personal-tax-how-to-use-eis-share-loss-against-current-income-tax

Personal Tax- How to use EIS/SEIS Share loss (Negligible value) against current/last income tax?

If you want to carry back a EIS share loss to past year then read this KB EIS/SEED Investment relief claim is a different process…

business-tax-invalid-data-entry-income-if-charity-or-non-profit

Business Tax- Invalid data entry ‘All Charitable and/or ‘Income’ (If Charity or Non profit)

It may show with one or both of these two warnings (and may affect a non charity as well): 1.Load the client and select relevant…

business-tax-how-to-tick-box-40-or-45-and-show-bank-details-on-ct600

Business Tax: How to tick Box 40 or 45 and show Bank details on CT600?

Load the client and select the relevant periodData entry, SummaryFor box 40 Under ‘Repayment Claim’ – ticking YES or ‘For this period’ – this will…

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