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2946 articles

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 etc

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- 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 + 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- Basis 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…

personal-tax-2024-loss-is-being-carried-back-but-also-been-shown-as-carried-forward

Personal Tax- Loss is being carried back but also been shown as carried forward

In Personal Tax: If you have selected to carry back a loss for a sole trade or partnership, the loss…

personal-tax-period-reform-2024-capital-allowances-are-not-being-deduced-from-the-profit-loss-transitional-part

Personal Tax- Period Reform 2024: Capital allowances and Balancing Charge are not being deducted from the profit/loss transitional part

IRIS Personal Tax is currently not deducting the capital allowances/balancing charge from the profit/loss transitional part on the trade computation,…

business-tax-system-xml-root-element-is-missing

Business Tax- System XML, Root Element is missing

This Error message occurs when you are trying to attach an optional PDF which is too large. The maximum restriction…