Knowledge Base Articles

personal-tax-period-reform-spread-transition-profit-arising-difference-fse73-1-minus-fse73-2-etc-and-3001-8611

Personal Tax- Period Reform: Spread Transition Profit arising, Difference FSE73.1 minus FSE73.2 etc and 3001 8611

When you generate you get this Spread Transition Profit arising validation and if you ignore and submit you get a 3001 8611 error. You may…

business-tax-rd-sme-hotfix-release-dec-2024

Business Tax- R&D SME HOTFIX release DEC 2024

This IRIS hotfix resolves these Business Tax issues where: a) R&D SME extra tick boxes are missing (for example to claim the correct 14.5% or…

business-tax-investment-company-corporation-tax-at-25-not-19

Business Tax- Corporation tax 25% not 19% (25% not 19%)

If you are preparing a corporation tax computation for a small company which has consultancy income and some investments, there is nothing set in IRIS…

personal-tax-period-reform-spread-transition-profit-as-arising-difference-fps16-1-minus-fps16-2-must-be-greater-than-zero

Personal Tax- Period Reform: Spread Transition Profit as Arising, Difference FPS16.1 minus FPS16.2 must be greater than zero

You get this warning above when generating a Tax Return as this is because PT is missing date data Load the Client in PT and…

trust-tax-you-have-reached-your-license-package-limit-select-client-that-has-data-entered-for-current-year

Trust Tax- You have reached your License Package Limit. Select client that has data entered for current tax year

Trust Tax has TWO license checks running at the same time. You may have both issues, so you have too many active clients AND too…

business-tax-client-warnings-system-info-client-has-no-chart-connection-or-parameters-invalid

Business Tax- Client warnings ‘System info’, client has no chart connection or parameters invalid

When you load a Partnership etc in Business Tax OR you created it directly in BT (and not used Accounts Production) and you get these…

personal-tax-iris-transitional-profits-calculates-through-days-method-not-months-or-weeks

Personal Tax- Period Reform: IRIS Transitional Profits calculates through ‘Days’ method not Months or Weeks

IRIS Transitional Profits only calculates through Days method not Months or Weeks This issue has been raised with the Development Software Team and confirmed: IRIS…

personal-tax-period-reform-profit-or-loss-of-the-transitional-partfse73-1-is-present-so-sa103f-overlap-relief-not-previously-deducted-on-a-change-of-accounting-date-should-be-absent

Personal Tax- Period Reform: Profit or Loss of the transitional part[FSE73.1] is present so [SA103F Overlap relief not previously deducted on a change of accounting date] should be absent

SA100: Sole trade validation appearing – where there is a sole trade with no transition profits with the overlap is being included in the Transitional Periods…

personal-tax-incorrect-calculation-of-basis-period-incorrect-year-end

Personal Tax- Period Reform: Incorrect calculation of Basis period (incorrect year end)

There are instances where the Personal Tax basis period calculation is incorrect as it should be 12 months from the end of the last accounting…

business-tax-rd-additional-information-form-tick-box-is-missing-box-660

Business Tax- R&D SME Missing Tick boxes like Additional information (box 660)

This affects IRIS version 24.3.0, when entering R&D SME enhanced expenditure for a client, it is not automatically filing out box 660 or showing the…

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