Knowledge Base
personal-tax-basis-period-reform-2024-the-schedules-of-data-is-showing-the-incorrect-taxable-profit-for-transitional-periods
Personal Tax- Period Reform 2024: Schedules of Data showing 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…
personal-tax-uk-scottish-welsh-tax-rates
Personal Tax- UK/Scottish/Welsh Tax rates
New Scottish Rates 2024/2025? We have applied the new rates into PT in IRIS version 24.3.2 and later in December…
iris-personal-tax-farmers-averaging-claim-for-the-transitional-period-the-calculation-is-incorrect
Personal Tax- Period Reform 2024: Farmers Averaging claim for the Transitional period the calculation is incorrect
IRIS Personal Tax is currently using the standard period profit and taking off the overlap relief and then averaging the…
personal-tax-2024-loss-is-being-carried-back-but-also-been-shown-as-carried-forward
Personal Tax- Period reform 2024 Loss is being carried back but also been shown as carried forward
In Personal Tax: If you have selected to carry back a loss for a sole trade or partnership, the loss…
personal-tax-period-reform-2024-capital-allowances-are-not-being-deduced-from-the-profit-loss-transitional-part
Personal Tax- Period Reform 2024: Capital allowances and Balancing Charge are not being deducted from the profit/loss transitional part
IRIS Personal Tax is currently not deducting the capital allowances/balancing charge from the profit/loss transitional part on the trade computation,…
business-tax-system-xml-root-element-is-missing
IRIS Business Tax
Business Tax- System XML, Root Element is missing OR Fatal Error 2001
These two Error messages occur when you are trying to attach an optional PDF which is too large. The maximum…
personal-tax-interest-tax-deducted-does-not-equal-20-of-the-gross
Personal Tax - Interest Tax deducted does not equal 20% of the gross
This applies to all Interest entry where the 20% warning appears: Check the Interest Credited Gross entry, the 20% of…
business-tax-accounts-attached-in-this-return-do-not-pass-hmrc-validation-etc-do-not-contain
IRIS Business Tax
Business Tax- Accounts Attached in this Return do not pass HMRC Validation etc 'Do not Contain'
When generating a BT Tax return and attaching the IXBRL from IRIS AP or from another 3rd party source, you…
