As you probably know, after March 31st 2011, all Corporation Tax Returns have to be filed online with Accounts and Computations attached in iXBRL format. Don’t be fooled by all of the jargon- an iXBRL file is just a special kind of text file which enables data to be read by humans and computers. There are a lot of people out there using confusing jargon and in some cases suggesting you need to incur large bills to implement iXBRL solutions and good luck to them.
At BTCSoftware we are just getting on with the task in hand and enhancing our existing CT Solutions to make them fully iXBRL compliant, at no additional cost. Our solutions have been able to submit iXBRL accounts and computations files since November 2009 and they will produce and be HMRC accredited for iXBRL computation production by the end of 2010. All existing users of our 2010 CT Solution products will receive this update free of charge proving our adage once again that Quality Software Need Not Be Expensive.
And don’t forget that, in addition to the requirement to have computations in the new iXBRL file format, after March 31st 2011 ALL Corporation Tax Returns have to be filed online. This is a major change which has been cleverly slipped in under the radar by HMRC. There are still many practitioners and corporates filing their returns on paper which will now need to buy software to file their returns online. Don’t be one of the many caught out by this change. Our software is intuitive and easy to use, but whatever you decide to use it will be much harder to get to grips with the new methods when you have a return that needs to be filed to in a hurry. Download and trial CT Solution Express now in advance of the mandated change and become familiar with the new regime whilst you have the luxury of time on your side.
