Corporation Tax online filing
It will be compulsory to file company tax returns online after 31 March 2011 for accounting periods ending after 31 March 2010.
It will also be obligatory to file the returns 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 HMRC’s lists of recognised commercial software.
HMRC regularly update the analysis of approved suppliers and have now divided this up into 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
HMRC remind businesses that they will not recommend or endorse one product over another and do not provide any support for commercial software.
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.