Corporation Tax online filing
As our readers will be aware, HMRC is introducing compulsory online corporation tax filing for company tax returns delivered after 31 March 2011 in respect of accounting periods ending after 31 March 2010.
The company tax returns must be filed using the iXBRL data standard using either HMRC’s own software or third-party commercial software. Businesses that use third-party commercial software should refer to the HMRC recognised commercial software.
HMRC do not recommend or endorse one product over another and do not provide any support for commercial software. However HMRC do produce and regularly update details of approved suppliers. There are now two main lists.
- Software applications that produce and submit a CT600 with PDF
- Software applications or services that produce iXBRL Accounts and/or iXBRL Computations. This list is divided into three main sub-categories.
In the run-up to the introduction of compulsory online filing, all businesses should carry out a proper investigation to decide what software functions are required and which software is most suited to their individual filing requirements.
The full list of approved software at 9 September 2010 can be viewed through the following link:Corporation Tax – HMRC recognised commercial software