IRIS Spring 2021 service pack release v21.1.6

Overview

The IRIS Accountancy Suite Spring Service Pack release version 21.1.6 includes resolutions to a number of issues, some of which are listed below. It also includes some vital updates such as the latest rates for tax and forms R185 and R40.

Tax

Tax Legislation and annual updates

The IRIS accountancy suite tax products have been updated to cater for the following tax legislation and annual updates:

• Individuals tax rate for 2022
• R185 form update for 2021
• R40 form update for 2021

Resolved issues

The following issues have been resolved:

Business Tax

• R&D SME Tax credit not populating box 875 on the CT600.
  Currently when making an SME research and development tax credit the payable tax credit that should appear within box 875 on the CT600 is left blank.
  A hotfix was released for this defect however, the service pack will also address this issue and therefore, you will not be required to run the hotfix separately.
• Unable to detach computation and select a ‘No iXBRL computation reason’ for limited companies.
  • IRIS would automatically select the incorrect field for “computations attached” (Selecting the “For a different period” on the CT600 where “for this period” had been selected).
  • Where necessary it was not possible to detach the computation from the internet tax return.
• Unable to identify a limited company as qualifying for SME exemption, where this option was selected, the software would prevent exiting from the summary screen.
  A hotfix was release for this defect however, the service pack will also address this issue and therefore, you will not be required to run the hotfix separately.

• When the result of box 526 ‘Coronavirus support schemes overpayment now due’ is nil the CT600 is rejected.
  Where coronavirus support schemes have been claimed for a limited company which has resulted in a nil effect (Box 526), the return is rejected by HMRC with the following error 9382 (If box 471 is completed then box 526 must be completed).

Personal Tax

• Error ‘Master cannot be selected’ returned when running the tax return master list.
  When attempting to run the tax return master list for a specific partner/manager/Staff member within the ‘Staff grouping’ filter the software would return a ‘Master cannot be selected’ error message.

SmartTax Beta in Personal Tax

• SmartTax is incorrectly displaying the ‘Unsupported income source’ message for capital assets.
  SmartTax is displaying the ‘Unsupported income source’ message where an individual has a disposal of a capital asset(s) in ANY tax year, whereas this message should only be displayed if there is a disposal within the corresponding tax year.

Productivity

The following issues have been resolved:

• Job Planning Period End Date filter displaying incorrectly.
• Approved bundled documents overwriting related documents in IRIS Docs.
• Unauthorized error message returned when downloading Elements UI data changes.