IRIS New Release Announcement

The IRIS Accountancy Suite Autumn release version 25.3.0 includes updates to Dormant Company Accounts and information about the pending updates to ECCTA Identity verification coming in November. In Personal Tax, MTD ITSA capabilities continue to be strengthened and in Business Tax, new Visual Effects expenditure support within AVEC claims. And in Trust Tax, comprehensive support for trusts transitioning to tax year basis taxation. The release also includes legislative updates.

IRIS Personal Tax - Making Tax Digital for Income Tax Self-Assessment (MTD ITSA)

IRIS Personal Tax continues to strengthen MTD ITSA capabilities with significant enhancements including, enhanced MTD threshold data mining, Auto-creation of HMRC held data, improved error handling, updated API compliance and enhanced data entry controls.

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IRIS Trust Tax - Basis Period Reform - 2024/2025 implementation

Comprehensive support for trusts transitioning to tax year basis taxation offers the ability to calculate and manage transition profits for affected trust businesses, complete SA900 returns with basis period reform calculations, handle the move from basis periods to tax year taxation for 2024/25 and ensure compliance with new legislation for trusts with trading income.

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IRIS Company Secretarial and Company Formations

From 18 November 2025 all companies will need to ensure current Directors, PSC’s and LLP Members have their identities verified either with Companies House directly or through agents as Authorised Corporate Service Providers (ACSP’s). We are currently implementing changes to make both Company Secretarial and Company Formations ready for the launch.

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IRIS Business Tax - Audio Visual Expenditure Credit (AVEC) - VFX support

New functionality offers the ability to enter and calculate VFX expenditure alongside other qualifying costs, apply the enhanced 39% credit rate for VFX (effective April 2025), benefit from VFX exemption from the standard 80% core costs cap and, generate compliant CT600 returns for qualifying British-certified productions.

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IRIS tax - legislation updates

Updated dividend database - latest announced dividends for accurate income calculations.
Refreshed paper checklists - current tax year changes incorporated.
Enhanced CT taxonomy tagging - improved accuracy for Limited Company submissions.

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IRIS Practice Management - enhanced email functionality

Microsoft Graph API implemented to enable seamless integration ahead of SMTP end of life support from Microsoft.
Improved user experience to include Practice disclaimer and User signatures.
Ability to send emails to clients with cc and bcc fields.
Support to use HTML formatting when sending emails, image imbedding, and adding/removing attachments.

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