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2973 articles

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 and load the client Income Tab |…

personal-tax-basis-period-reform-2024-the-schedules-of-data-is-showing-the-incorrect-taxable-profit-for-transitional-periods

Personal Tax- Period Reform 2024: The schedules of Data is showing the Incorrect Taxable profit for Transitional Periods 

The schedules of Data in IRIS Personal Tax is currently showing the incorrect taxable profits for transitional periods.  This has…

personal-tax-period-reform-2024-business-starts-within-2024-tax-year-but-transitional-period-is-being-calculated

Personal Tax- Period Reform 2024: Business starts within 2024 tax year but transitional period is being calculated

IRIS Personal Tax is currently is creating a Transition Period for new business (also if they have Trade commence date…

personal-tax-period-reform-2024-student-loan-calculation-is-not-reflecting-the-transitional-periods

Personal Tax- Period Reform 2024: Student Loan calculation is not reflecting the Transitional Periods

IRIS Personal Tax is currently not including the Student Loan calculation in the Transitional Periods.  This has been confirmed as…