Knowledge Base Articles

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Knowledge Base

2967 articles

personal-tax-property-loss-and-claim-private-residence-relief

Personal Tax: Property Loss and claim Private residence relief?

HMRC Restriction – You cannot claim a relief against a loss. Workaround - Adjust the disposal amount to obtain the…

personal-tax-partnership-shows-up-as-sole-trader-or-you-only-deal-with-one-of-the-partners

Personal Tax- Partnership shows up as Sole trader OR you only deal with one of the Partners

To trigger the partnership pages you need two or more partners within the Partnership. If you only create one partner…

personal-tax-how-to-use-eis-share-loss-against-current-income-tax

Personal Tax- How to use EIS/SEIS Share loss (Negligible value) against current income tax?

NOTE: If you want to carry back a share loss to past year then read this KB To use EIS/SEIS…

business-tax-invalid-data-entry-income-if-charity-or-non-profit

Business Tax- Invalid data entry 'All Charitable and/or 'Income' (If Charity or Non profit)

It may show with one or both of these two warnings (and may affect a non charity as well): 1.Load…

business-tax-how-to-tick-box-40-or-45-and-show-bank-details-on-ct600

Business Tax: How to tick Box 40 or 45 and show Bank details on CT600?

Load the client and select the relevant periodData entry, SummaryFor box 40 Under ‘Repayment Claim’ – ticking YES or ‘For…

personal-tax-use-trade-loss-against-current-income

Personal Tax- Use Sole/Partnership Trade loss against current income?

1.Load the client and select correct year 2. on the left side go to TPV, STP and select the correct…

kba-03797

PTP CT - Box 530 is not populating with the amount of the R&D tax credit claim

HMRC made a change in April 2021 regarding the circumstances in which box 530 is populated in conjunction with the…

kba-03796

PTP CT - How to carry back a trading loss to a previous period

1. Click the fanned pages icon at box 160 to access the Losses notepad and record the amount of the loss…

os-110-issues-with-client-creation-in-iris-openspace

IRIS OpenSpace

OS-110: Issues with client creation in IRIS OpenSpace

There are multiple messages referring to client creation issues, this article details the scenarios and corresponding resolutions. The “Email address…

p11d-car-make-model-missing-and-co2-engine-size-issue

IRIS P11D

P11D and PT- Car make/model missing and CO2/engine size issue

The Car benefit % value is calculated using 3 factors: a.Car Registration Date (as it uses either the NEDC or…