Personal Tax- 3001 6597 there is an amount in [CAL14] there must be an entry in at least one of the loss to carry back boxes

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Personal Tax- 3001 6597 there is an amount in [CAL14] there must be an entry in at least one of the loss to carry back boxes

13th October 2015

IRIS Personal Tax

3001 6597 There is an amount in box [CAL14] there must also be an entry in at least on of boxes

When generating: ‘There is an amount in box [CAL15], there must be an entry in at least one of the loss to carry back boxes: [FSE79], [SSE34], [LUN57], [FPS23], [SPS23], [CGT48] or [CGT43], or an entry in at least one of the adjustment boxes [FSE72], [FPS11] or [SPS11]. Please check.’

OR

There is an amount in box [CAL14] there must also be an entry in at least on of boxes [FSE77], [SSES31], [LUN58],[FPS21], [SPS21], [FPS42], [PRO17], [CGT11] or [CGT13] or a positive entry in box [FSE70] or [FSP10] [SPS10] please check”.

This validation relates to box 14 or 15 on page TC2 which is populated via the ‘Tax underpaid/overpaid for earlier years’ box in the Calculation screen.  This box may only be used in certain circumstances, such as claiming averaging for farmers and creators of literary or artistic work, or carrying back losses (see the paragraph above box 15 for more detail). 

HMRC can only process information with this section when a corresponding entry relating to a Loss being carried back to a previous year has been entered.

One possible fix, Users are required to complete the loss to carry back field:

1. From Trade Profession or Vocation, select Sole Trade or Partnership.
2. Double click the account period end date.
3. Select Adjustments, Losses, Overlap and Tax.
4. Complete ‘To carry back’.

Please note that is a loss is not being carried back users are advised to contact HMRC for further guidance