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IRIS Business Tax Knowledge Base

182 articles

ias-12260

IRIS Business Tax

Error 3314 in Computation: Losses Used Against Trading Profits

This has now been resolved. Choose the client in Business Tax and regenerate the return. If you have not upgraded…

ias-12238

IRIS Business Tax

period start in the iXBRL does not match the ct600

The date setting on the computer is set to the US date setting therefore the ixbrl computation date is tagged…

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IRIS Business Tax

How to utilise Capital Losses

Capital losses may be deducted from gains chargeable in the year in which the losses are incurred: - These losses…

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IRIS Business Tax

Date of IXBRL Accounts and Date of CT600 do not match

Users are requested to carry out the following steps:- From your Start Button on your machine go to the Control…

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IRIS Business Tax

The amount in box [N1.27] must equal the amount in box [7.34]

The HMRC cannot accept an FBI Return with entries in boxes 2.6a & 2.6b and therefore the Return will need…

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IRIS Business Tax

How to deal with interest received net for a limited company in Business Tax?

Users are required to: 1. Log into Business Tax and select the client. 2. From the Edit Menu select Business…

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IRIS Business Tax

2015 tax return when the account period end date falls in the 2016 tax year

Users are required to change the tax year to 2015 in the client toolbar using the drop down option located…

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IRIS Business Tax

2016 Partnership Tax Return figures are being apportioned

The guidance in the Self Assessment Partnership Tax Return Guide page 7 states that if no accounts end in 2014-15…

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IRIS Business Tax

Address details missing from partnership statement box 6 if partner is a trust

The partnership return uses the address of the acting trustee as the address for the trust on the Partnership Tax…

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IRIS Business Tax

How to enter tax deducted at source

Users are required to: 1. Log on to IRIS Business tax and select the client 2. Go to Data Entry…