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personal-tax-period-reform-2024-schedules-of-data-is-showing-incorrect-totals-compared-to-trade-comp-etc

Personal Tax- Period Reform 2024: Schedules of Data is showing incorrect Totals

There are TWO different defects in PT affecting the Schedules of Data and the Tax comp and SA100 are correct:…

business-tax-invalid-data-entry-company-name

Business Tax- Invalid data entry company name

The company name is too long and needs to be edited or shortened - the warning will also list the…

personal-tax-use-income-loss-against-capital-gain-cg3-box-46

Personal Tax- Use income loss against capital gain (CG3 box 46)

This is for a trade loss etc against a Capital gain. If a Sole trade loss Run the Trade comp…

personal-business-tax-shareholdings-how-to-add-decimal-entries

Personal/Business Tax- Shareholdings, how to add decimal entries?

IRIS PT and BT may block shareholding values with decimal entries with a warning (for Example share entry of 1.11).…

personal-tax-capital-disposal-with-private-resident-relief-ppr-missing-from-tax-comp-how-to-restrict-loss

Personal Tax- Capital Disposal with Private resident relief (PPR) missing from Tax comp, how to restrict loss?

HMRC Restriction – In Personal Tax, you cannot claim any type of relief against a capital loss (For example: The…

personal-tax-period-reform-2024-partnership-income-has-incorrect-adjustment-apportionment

Personal Tax- Period Reform 2024: Partnership income has incorrect adjustment/apportionment

The system is currently time apportioning (for a longer/extended period) for Partnership income (for example UK interest and Property income)…

fixed-asset-register-is-not-depreciating-correctly

Fixed Asset Register is not depreciating correctly

IRIS Fixed Asset Register is calculating the depreciation on the Cost figure instead of the net book value. Please read…

personal-tax-period-reform-2024-transitional-profits-are-calculated-when-income-is-under-personal-allowance

Personal Tax- Period Reform 2024: Transitional profits are calculated when income is under Personal Allowance

The total profit for the extended period is Calculating a tax liability on the transitional part of the profits, even…

personal-tax-share-of-partnership-trading-profits-sa104s-is-greater-then-zero-etc

Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero OR is negative etc OR 3001 8223

If you have a Partnership entry for the period and get the error: Load the client in PT and relevant…

personal-tax-basis-period-reform-2024-how-to-make-an-election-to-bring-in-all-of-the-profits-to-the-current-tax-year-and-not-spread-the-tax-over-5-years

Personal Tax- Period Reform 2024: Make election to bring in all profits to current tax year and not spread tax over 5 years + OPT OUT

Please do the following to resolve your issue: - Go to Personal Tax Income Tab | Trade Profession or Vocation…