MyPract vs IRIS Elements and Practice Engine: Built for HMRC or Built for India?
By the MyPract team · Updated 2026-10-05
Short answer: IRIS Elements Practice Management starts at £28 per user a month and, like IRIS Practice Engine, is built for UK firms on HMRC, MTD and Companies House workflows. MyPract is built for Indian engagements at a fraction of the price, with a 3-month trial and India hosting.
Last updated 5 October 2026. Prices exclude GST/VAT. £1 ≈ ₹125 (approximate; check before publishing). MyPract is our product, so we link competitor claims to their sources and list where each competitor is stronger. Converted rupee figures exclude bank forex charges and 18% GST on imported services.
IRIS Software Group is one of the UK's largest accountancy software vendors. It sells two practice management products. IRIS Elements Practice Management is a cloud product for small and mid-sized UK firms, with CRM, workflows, document management and two-way sync with IRIS Accountancy Suite (IRIS). IRIS Practice Engine is a larger system for mid-sized and large firms, listed as available in the UK with no free trial (Capterra UK).
MyPract vs IRIS at a glance
| MyPract | IRIS Elements Practice Management | IRIS Practice Engine | |
|---|---|---|---|
| Price | ₹6,000/yr up to 5 users; ₹1,200/user/yr to 30 | From £28/user/month; 20% off on annual sign-up (IRIS Help Hub) | Not published |
| Trial | 3 months, no card | 30 days | None listed |
| Market | India | UK | UK |
| Regulatory focus | Indian audit and tax engagements | HMRC, MTD, Companies House | UK accountancy and legal firms |
| Proposals, AML checks | Not available | Separate pay-per-use products | Included modules vary |
| Hosting | India (Mumbai) | Confirm with IRIS | Cloud or on-premise |
Try MyPract free for 3 months
No card required, and the trial never converts to a paid plan automatically.
Start your free trialAnnual cost by team size (IRIS Elements, monthly rate)
| Team | MyPract | IRIS Elements PM (£28/user/month) |
|---|---|---|
| 5 users | ₹6,000 | £1,680 (≈ ₹2.10 lakh) |
| 10 users | ₹12,000 | £3,360 (≈ ₹4.20 lakh) |
| 20 users | ₹24,000 | £6,720 (≈ ₹8.40 lakh) |
IRIS offers volume discounts and 20% off for annual sign-up, so a quote may come in lower.
Where MyPract is stronger
- Indian workflow. IRIS is built around HMRC and UK filing. MyPract is built around Indian statutory audits, tax audits and advisory engagements.
- Cost. Even after IRIS's annual discount, MyPract is a fraction of the price.
- Trial length. Three months versus 30 days for Elements and none for Practice Engine.
- India hosting and a DPDP-oriented privacy policy.
Where IRIS is stronger
- UK compliance. MTD, Companies House forms and HMRC filing.
- Suite integration with IRIS accounts production and tax.
- Enterprise scale in Practice Engine, including resource management and collections.
Who should choose which?
Choose IRIS if you are a UK firm or serve UK clients through IRIS tax and accounts software.
Choose MyPract if you practise in India.
Frequently asked questions
How much does IRIS Elements Practice Management cost?
From £28 per user per month, with discounts for more users and 20% off for annual sign-up.
Is IRIS available in India?
IRIS Practice Engine is listed as available in the United Kingdom; IRIS Elements is designed for UK firms.
Does MyPract file UK or Indian returns?
No. MyPract is practice management, not filing software.
Try MyPract free for 3 months
Use practice software built for Indian engagements.
Try MyPract free for 3 months
No card required, and the trial never converts to a paid plan automatically.
Start your free trialSources
[1] IRIS (iris.co.uk)
[2] Capterra UK (capterra.co.uk)
[3] IRIS Help Hub (help-iris.co.uk)