Personal Tax- Schedules of Data not matching with Tax comp
Article ID
personal-tax-schedules-of-data-not-matching-with-tax-comp
Article Name
Personal Tax- Schedules of Data not matching with Tax comp
Created Date
13th January 2023
Product
Problem
IRIS Personal Tax- Schedules of Data not matching with Tax comp (there is a difference by a few £ pounds)- shareholdings, disposals and dividends
Resolution
This normally affects any Shareholding and Disposal/Dividend claims with penny entries (eg £1.51). The Schedules of data is rounding up/down the values which is causing the difference of totals compared to the Tax computation.
You can test this by rounding up/down the penny entries (so no pennies) and see the change.
HMRC only looks at the Tax computation/SA100 and not the Schedules of Data report.
If you want to edit the Schedules of Data (so to show to your client)- save it as WORD file and manually edit values and text if required.
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