Personal Tax- Period Reform: Profit or Loss of the transitional part[FSE73.1] is present so [SA103F Overlap relief not previously deducted on a change of accounting date] should be absent

personal-tax-period-reform-profit-or-loss-of-the-transitional-partfse73-1-is-present-so-sa103f-overlap-relief-not-previously-deducted-on-a-change-of-accounting-date-should-be-absent

Personal Tax- Period Reform: Profit or Loss of the transitional part[FSE73.1] is present so [SA103F Overlap relief not previously deducted on a change of accounting date] should be absent

26th November 2024

IRIS Personal Tax- Period reform: Profit or Loss of the transitional part[FSE73.1] is present so [SA103F Overlap relief not previously deducted on a change of accounting date] should be absent

SA100: Sole trade validation appearing – where there is a sole trade with no transition profits with the overlap is being included in the Transitional Periods Profits screen and box 73.2 as well as in the expected box 69 on the Self Employment supplement, user received validation .

Profit or Loss of the transitional part
[FSE73.1] is present so [SA103F Overlap relief not previously deducted on a change of accounting date] should be absent.

This is now fixed in IRIS Version 24.3.2 which was released in December 2024.

There is also a workaround: To edit the overlap relief in the transitional period profit screen to zero. This will produce the correct output on the tax return and the submission XML file. However, the self-employment profit will be changed on the tax computation and schedules of data. This does mean that the files will need to be saved externally before the changes are made. The trade computation will not be affected.