General

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When retrieving data from HMRC through Personal Tax, I am requested to enter details to verify my identity (such as NI Number and Date of Birth).  Why is this being requested?

HMRC have introduced a new verification process, the requested details are required in order to use the retrieve data from HMRC function.
These details will need to be entered for each staff member who will use this function in IRIS.

Can I print an SA302 from IRIS Personal Tax?

HMRC have approved that the IRIS tax computations can now be used in replacement of an SA302.
The clients name and UTR must be visible on the tax computation. To print a Tax Computation, select Reports | Tax Computation

If the Tax year Overview is also required, you will need to log onto the HMRC portal to access this document. To obtain a Tax Year Overview if needed, please follow the steps below.

How to print a Tax Year Overview from the HMRC online account

Select the relevant client (if you are a registered customer representative).
 
Follow the link ‘Self Assessment Overview’ (if going through ‘Your Tax Account’).

Follow the link ‘View account’.
 
Follow the link ‘Tax years’.
 
Select the year from the drop-down list and click GO.

Follow the link ‘Print your Tax Year Overview’.

Note, you must wait 72 hours after fully submitting your return until you can print your documents.

How do I carry back trading losses?

Self-Employment
 
Trade, Profession or Vocation | Sole Trade or Partnership | Load the current accounting period | Adjustments, Losses, Overlap & Tax tab – enter the loss into the Carry Back field
 
Go to the Reliefs menu | Miscellaneous | Tax Calculation | Tax Code and Overpaid, Underpaid and Repaid Tax – enter the clients tax savings into Tax Underpaid or Overpaid from earlier years
 
Go to Additional Information | choose SA110 and make the supporting notes here

Partnership
 
Trade, Profession or Vocation | Sole Trade or Partnership | Load the current accounting period | On the Trading tab – enter the loss into the Carry Back field

Go to the Reliefs menu | Miscellaneous | Tax Calculation | Tax Code and Overpaid, Underpaid and Repaid Tax – enter the clients tax savings into Tax Underpaid or Overpaid from earlier years

Go to Additional Information | choose SA110 and make the supporting notes here

Why can I not enter tax deducted on Share Options anymore?

HMRC have removed box 2 from page AI 2, therefore tax paid cannot be entered anymore.

If tax has been deducted from a share option, check with the Inspector whether an entry may be made in box 1.11 on the employment pages of the return.

The tax paid may have to be treated as a credit on the client's account.

How do I enter a negligible value claim?

Go to the Income Menu | select Dividends | Capital Assets | select Other Capital Gains and click Add

Enter the details here and ensure you put a negative figure into the Net Gain/(Loss) field. This will create the loss and populate box 6 on page CG 1.

If the loss should be offset against the clients other income, go back to the Capital Assets main window | click Edit | Losses & Other Information | enter the loss to be offset into the field ‘Losses used against this years income’.

How do I enter payments on account for a new client?

Click into Administration and select Client Account.
 
Click Insert, select OAC 1 and select the current tax year Enter the amount that was payable.

Note, you may need to tick the Cancel Interest tick box.

Click into Administration and cselect Client Account.
 
Click Insert, select OAC 2 and select the current tax year.
 
Enter the amount that was payable.

Note, you may need to select the Cancel Interest option.

Where do I enter student loan deductions made through PAYE?

Go to Employment and select Expenses.

Select Expense type 10 and enter the amount deducted.

How do I deactivate clients from Personal Tax?

Firstly ensure you are viewing the client you wish to deactivate | then click Client and Status – say NO to the question ‘Is this person currently a client’.

When you now go to view the client browser screen you will notice this client is no longer appearing within the list, as the view is set to ‘Currently registered in Personal Tax’ by default.

Beside ‘Show clients registered in’, change the drop-down option to ‘Whole Practice’ and you will be able to select the client you previously deactivated and re-register them back into Personal Tax so historical data can be accessed again if ever needed.