IRIS Spring 23.1 service pack
Overview
The IRIS Accountancy Suite Spring service pack release version 23.1.1 provides you with updates to the latest forms and resolutions to a number of issues, some of which are listed below.
IRIS Accounts Production
FRC 2022 Taxonomy
Whilst maintaining our commitment to keeping your software updated with the latest compliance and changes in technology, this release contains the FRC 2022 Taxonomy. After installing this service pack, the software will allow you to transition to the latest taxonomy by default and automatically apply the latest appropriate tags.
As with previous taxonomies the software also provides you with the flexibility to alter the default settings to apply appropriate tags. Where you have manually amended tags in the accounts using an older taxonomy and the tag still existing the latest taxonomy, the software will also remember these settings, saving you time.
Personal Tax
Tax legislation and annual updates
- The latest 2023 R40 form has been updated and is now available
Resolved issues
- Paper checklist – ‘Elected to carry back’ column is no longer appearing where pension contributions have been entered for an individual.
- P11D – ‘NIC Payable must equal 14.53% of the total benefit’ is no longer presented on submission of P11Ds.
Business Tax
Resolved issue
- The correct rate for Research and Development Expenditure Credit is now applied when calculating notional tax on periods straddling 01/04/2023.
All Tax
Transmit internet customer enhancement
The transmit return screen has been updated with a new column which will allow you to identify whether a tax return has been generated as either a new or amended tax return, giving a greater view of what has been submitted for your clients.
