Personal Tax- Period Reform 2024: Partnership income has incorrect adjustment/apportionment
Article ID
personal-tax-period-reform-2024-partnership-income-has-incorrect-adjustment-apportionment
Article Name
Personal Tax- Period Reform 2024: Partnership income has incorrect adjustment/apportionment
Created Date
25th July 2024
Product
Problem
IRIS Personal Tax- Period Reform 2024: Partnership UK savings interest has incorrect adjustment/apportionment
Resolution
The system is currently time apportioning (for a longer/extended period) for Partnership income (for example UK interest and Property income) and only taxing by a period of days (eg 365 days) which is incorrect.
This has been confirmed as a DEFECT within the software IRIS Version 24.1.9.2/24.2.0 and is fixed on the Autumn update 24.3.0 now available.
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