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2948 articles

personal-tax-period-reform-2024-partnership-income-has-incorrect-adjustment-apportionment

Personal Tax- Period Reform 2024: Partnership income has incorrect adjustment/apportionment

The system is currently time apportioning the Partnership income (for example UK interest) and only taxing by a period of…

fixed-asset-register-is-not-depreciating-correctly

Fixed Asset Register is not depreciating correctly

IRIS Fixed Asset Register is calculating the depreciation on the Cost figure instead of the net book value. For Example,…

personal-tax-period-reform-2024-transitional-profits-are-calculated-when-income-is-under-personal-allowance

Personal Tax- Period Reform 2024: Transitional profits are calculated when income is under Personal Allowance

The total profit for the extended period is Calculating a tax liability on the transitional part of the profits, even…

personal-tax-share-of-partnership-trading-profits-sa104s-is-greater-then-zero-etc

Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero OR is negative etc OR 3001 8223

If you have a Partnership entry for the period and get the error: Load the client in PT and relevant…

personal-tax-basis-period-reform-2024-how-to-make-an-election-to-bring-in-all-of-the-profits-to-the-current-tax-year-and-not-spread-the-tax-over-5-years

Personal Tax- Period Reform 2024: Make election to bring in all profits to current tax year and not spread tax over 5 years + OPT OUT

Please do the following to resolve your issue: - Go to Personal Tax Income Tab | Trade Profession or Vocation…

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

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

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

personal-tax-period-reform-2024-business-starts-within-2024-tax-year-but-transitional-period-is-being-calculated

Personal Tax- Period Reform 2024: Business starts within 2024 tax year but transitional period is being calculated

IRIS Personal Tax is currently is creating a Transition Period for new business (also if they have Trade commence date…

personal-tax-period-reform-2024-student-loan-calculation-is-not-reflecting-the-transitional-periods

Personal Tax- Period Reform 2024: Student Loan calculation is not reflecting the Transitional Periods

IRIS Personal Tax is currently not including the Student Loan calculation in the Transitional Periods.  This has been confirmed as…

personal-tax-uk-scottish-welsh-tax-rates

Personal Tax- UK/Scottish/Welsh Tax rates

New Scottish Rates 2024/2025? Our Development team is currently looking into this and is dependent on HMRC sending us the…

iris-personal-tax-farmers-averaging-claim-for-the-transitional-period-the-calculation-is-incorrect

Personal Tax- Period Reform 2024: Farmers Averaging claim for the Transitional period the calculation is incorrect

IRIS Personal Tax is currently using the standard period profit and taking off the overlap relief and then averaging the…