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IRIS Business Tax Knowledge Base

182 articles

ias-10388

IRIS Business Tax

Property Letting Company Computation

There is a functionality within Business tax to change the schedule DI income to schedule A income. Users are required…

ias-10222

IRIS Business Tax

Online amendments that generate a repayment claim

'If a company makes an online amendment that generates a repayment and either nominee or BACS details are changed on…

ias-10134

IRIS Business Tax

Ability to choose Rental Income for a Partnership or Sole Trader

For a Partnership: Clients will be able to choose Rental Income and when you bring this into Business Tax a…

ias-10064

IRIS Business Tax

Partnership return has a negative value in box 3.46

This is not an issue within IRIS but is an issue with HMRC. If there is a negative value in…

ias-10023

IRIS Business Tax

Business Tax- How BT deals with deferred tax losses

Utilisation of tax losses. IRIS multiplies the total losses utilised in the period by the tax rate shown on the…

ias-9965

IRIS Business Tax

IXBRL Accounts Not being attached in Business Tax

Users are advised that this could be due to the fact that there is a hyphen in their name(s) and…

ias-9815

IRIS Business Tax

Attaching Computations in the Electronic Tax Return

Users are advised to do the following:- Not to attach within the computation area any computation even if you have…

ias-9793

IRIS Business Tax

Business Tax- 3001 1611 No original return recorded

This error is caused when a corporation tax return is generated as amended in IRIS but the HMRC have removed/deleted…

ias-9609

IRIS Business Tax

Current year property losses being utilised by current year trading profits

Schedule A property losses must, first of all be set off against the company's total profits for the accounting period.…

ias-9561

IRIS Business Tax

Repayment section is not completed if a loss has been carried back

Users are requested to carry out the following:- 1. Log onto Business Tax and choose the client 2. Go to…