Corporation Tax online filing regs
A new statutory instrument (SI) will come into force on 1 January 2010. SI 3218 enables the necessary legislation which will require all Company tax returns to be filed online.
This legislation will apply to:
- online filing of Company Tax Returns for all returns delivered after 31 March 2011 for accounting periods ending after 31 March 2010
- electronic payment of all Corporation Tax liabilities after 31 March 2011
SI 3218 also clarifies how all Corporate Tax returns must be filed using XBRL standard using either HMRC’s own software or third-party commercial software.
The full title of SI 3218 is The Income and Corporation Taxes (Electronic Communications) (Amendment) Regulations 2009.