Business Tax- SME R&D, entry for R&D Expenditure not populating the rest of the boxes
Article ID
business-tax-sme-research-and-development-entry-for-rd-expenditure-not-populating-the-rest-of-the-boxes
Article Name
Business Tax- SME R&D, entry for R&D Expenditure not populating the rest of the boxes
Created Date
8th November 2024
Product
Problem
IRIS Business Tax- SME Research and Development, entry for R&D Expenditure not populating the rest of the boxes
Resolution
For example: Data Entry | Research and Development CT600L | SME Research and Development – enter £XXX R&D Expenditure – but the expected automated figures are not being generated for the ‘Adj Trade Profits by’ or ‘Box CT600’ etc and the expected Tax credit etc is not given.
There is a HOTFIX planned to be released soon (Date TBC and it is not 24.3.2). We apologize for any inconvenience.
If the company loss is not being picked up and thus no credit given- then run the Tax Comp and check the company loss is shown, then go to Edit/losses and check is the current year losses is shown here too, now restart IRIS and load BT and go back to the R&D SME screen and check if it has picked up the company losses. If the loss is still not being picked up then this is being investigated by the IRIS Development team and will update this KB once we have news of a possible HOTFIX release in December 2024 (not the 24.3.2 version). We apologize for any inconvenience.
There is also a issue where previously seen tick boxes on the SME screen are missing- please read this KB
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