Knowledge Base Articles

personal-tax-making-tax-digitalmtd-and-quarterly-submissions-2024-25-onwards

Personal Tax- Making Tax Digital(MTD) and Quarterly Submissions 2024/25 onwards

For the operation of HMRC MTD and Quarterly Submissions 2024/25 in Personal Tax, go through these steps below: For advise email MTD@IRIS.co.uk. To register for…

personal-trust-tax-property-capital-gain-2024-25-18-24-rate

Personal/Trust Tax: Capital gain 2024/25 18/24% rate with Adjustment

The new HMRC 18/24% rates is released with version 25.1.0 in April 2025. IRIS Personal Tax and Trust Tax calculates the updated capital gains tax…

business-tax-rdec-corporation-tax-repayable-by-notional-brought-forward-figure-incorrect

Business Tax- R&D RDEC Corporation Tax Repayable by Notional Brought Forward figure: Incorrect?

R&D RDEC - You have entered Expenditure and have a 'Notional Brought Forward' figure or this was manually entered and you believe the a RDEC…

personal-tax-how-to-create-add-a-new-employment-business-in-pt

Personal Tax- How to create/add a new Employment Business in PT?

This is assuming you have not already added/created this business into AP/BT first and instead adding it into PT directly. If the business was initially…

personal-tax-when-loading-a-specific-client-pt-closes-with-error-no-error

Personal Tax- When loading a specific client, PT closes with error/no error?

IF 'PT crashes running any report' (not when loading client)- Read these two KBs as known defects in 2025 KB1 and KB2 Personal Tax closes…

business-tax-llp-partnership-land-and-property-the-amount-in-box-n1-19-must-equal-the-box-in-1-39

Business Tax- LLP/Partnership, land and property: ‘The amount in box N1.19 must equal the box in 1.39’

You have a LLP/Partnership with land and property income but you get error 'The amount in box N1.19 must equal the box in 1.39'. This…

personal-tax-incorrect-dates-values-on-trade-and-tax-comp

Personal Tax- Incorrect dates/values on Trade and Tax Comp

When generating a Trade computation -there are unknown dates are being applied which are also giving incorrect values (which also show incorrectly on the Tax…

business-tax-invalid-data-entry-payenicforwhichthecompanyisliableinthisaccountingperiod

Business Tax- Invalid data entry: PAYENICforWhichTheCompanyIsLiableInThisAccountingPeriod

This issue creates an incorrect value on the R&D box L168. This is a DEFECT in IRIS Software Version 24.3.2. This issue will be FIXED…

personal-tax-period-reform-sole-trader-changed-to-partnership-get-zero-transitional-profits-why

Personal Tax- Period Reform: Changed to Partnership OR Sole Trade, get ZERO Transitional Profits

This was a DEFECT- If you have Sole trader which has changed to a Partnership or a Partnership which has become a Sole trade (for…

personal-tax-farmers-averaging-partnership-partners-values-show-a-difference-compared-to-other-partner

Personal Tax- Farmers Averaging Partnership- Partners Values show a difference compared to other partner?

Both partners had exactly the same tax liability and figures entered yet the farmers averaging no longer match between the two partners when they should.…

Knowledge Base Articles

Knowledge Base

Newsletter