IRIS Keytime Important Known Issues
It is important to us that we resolve any problems that are found in the Keytime Accountants’ Suite.
If your problem is listed below, we are working hard to resolve these as quickly as possible.
Issues that have been fixed or are due to be fixed in the next release, are identified as such.
The following are known issues that are affecting the IRIS Keytime Accountants’ Suite:
Personal Tax
Outstanding issues
Value entered in Box 23 of the Partnership Full pages is not being retained
When entering the loss to be carried back in Box 23 of the Partnership full pages for a 2024 Individual return and saving the form, Box 23 automatically reverts back to £0.
Workaround
There is no workaround for this issue.
This issue is due to be resolved in the Autumn service pack release.
Issues resolved in the Summer 2024 release (v24.2.86)
Class 2 NIC calculation is incorrectly using 53 weeks for 2024 return
The Class 2 NIC calculation was incorrectly using 53 weeks instead of 52 weeks for 2024 return.
Overlap relief set off against other income for 2023-24 is not calculated properly when the amount in ‘Overlap relief this year’ has been changed
The unused overlap relief set off against other income for 2023-24 (Box 66) of the Partnership full pages was not automatically being populated. The value of this field is calculated based on the ‘Overlap relief this year’ + ‘Overlap relief brought forward’ – box 65. Box 66 value is now being updated when the data in ‘Overlap relief this year’ has changed.
Corporation Tax
Outstanding issues
Incorrect pooling and balancing charge not showing for Zero Emission Cars & Goods Vehicles
When the user has disposed of a Zero emission car the system is incorrectly treating this as a pooled asset as opposed to a main pool asset.
In addition, although the disposal value is appearing, the balancing charge is not shown for this asset on both the CT600-Box 710 and the computation.
Workaround
Delete the Zero Emission car asset type and add a new Main Pool asset with the same title and details. You will also need to re-add the previously deleted Zero Emission Car type asset with the necessary details whilst retaining the newly added Main Pool one.
Then the CT600 can be submitted attaching the previously saved iXBRL tax comp.
For further guidance, please contact Support.
This issue is due to be resolved in the Spring 2025 release.
Issues resolved in the Summer 2024 release (v24.2.86)
Corporation Tax-Incorrect Marginal relief being calculated
It had been reported that the marginal relief was incorrectly being calculated. This issue has now been resolved.
Trust Tax
Issues resolved in the Autumn 2024 release (v24.3.21)
Incorrect values getting calculated for SA901 and SA902
The correct values are now being calculated for boxes 1.83 and 1.84 (Trust trade pages) and 2.13 and 2.14 (Trust Partnership pages).
