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Home | Knowledge Base Articles | Personal Tax- Basis Period Reform 2024: The schedules of Data is showing the Incorrect Taxable profit for Transitional Periods

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Personal Tax- Basis Period Reform 2024: The schedules of Data is showing the Incorrect Taxable profit for Transitional Periods

Article ID

personal-tax-basis-period-reform-2024-the-schedules-of-data-is-showing-the-incorrect-taxable-profit-for-transitional-periods

Article Name

Personal Tax- Basis Period Reform 2024: The schedules of Data is showing the Incorrect Taxable profit for Transitional Periods

Created Date

11th July 2024

Product

Problem

IRIS Personal Tax- Basis Period Reform 2024: The schedules of Data is showing the Incorrect Taxable profit for Transitional Periods

Resolution

The schedules of Data in IRIS Personal Tax is currently showing the incorrect taxable profits for transitional periods.

This has been confirmed as a DEFECT within the software IRIS Version 24.1.9.2, and will be fixed upcoming version 24.2. Which is due to be released week commencing 29th July 2024 (subject to change).The workaround provided is to save the Schedules of Data in Microsoft Word and manually adjust the incorrect figures. We apologise for the inconvenience caused.

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