Period setup incorrectly and wrong dates on the computation
Article ID
ias-12127
Article Name
Period setup incorrectly and wrong dates on the computation
Created Date
13th October 2015
Product
IRIS Business Tax
Problem
There is a 12 month period but the Trade Profit (Loss) / Corporation Tax computation and the return is giving an 8 month and 4 month period.
Resolution
From the Client menu select View and make sure that the incorporated/trading commenced/ceased dates are correct.
If the incorporated date and the trading commenced date are different and it is the first year of the company then business tax is correctly creating a dormant ctap followed by a trading ctap
If those details are correct, click on Periods and check that there aren’t extra periods setup in error. If there are, these rogue periods can be deleted by logging on as a Master user or changed to Interim in Accounts Production
Note: – If there are posting files connected to these in Accounts Production, they will also be deleted. To check, log into Accounts Production. From the Posting menu, select Post File Maintenance and click on Entries.
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