April 1st 2011 was not just another April Fools day, nor just simply a start to yet another Corporation Tax year. As from April 1st 2011, all Corporation Tax returns must be filed with iXBRL Accounts and Computations. Of course, this could be the biggest April Fools joke since the spaghetti tree, but we doubt it. Unless you have a really good reason (and trust us, you don’t) your CT returns must be filed with iXBRL.
Moreover, and something that seems to have passed a lot of people by, this also means that all CT returns have to be filed online. Gone are the days of paper returns accompanied by reams of paper accounts and computations. Online filing is mandatory unless, again, you have a really good reason for not doing so. Perhaps you live in a lighthouse without even a dialup internet connection? That might be accepted as a good reason, but don’t rely on it.
Now for the good news. At BTCSoftware we’ve been working hard to take the sting out of iXBRL. Both of our CT products, CT Solution Express and CT Solution Advanced, are recognised by HMRC as iXBRL Integrated Software Applications for the production of iXBRL Computations and the submission of iXBRL Accounts and iXBRL Computations. The computations are pre-tagged and completely straightforward and simple to use. And unlike others, we haven’t even put the price up!!!
Why not download your free 30 day trial today.
As we’ve always said, quality iXBRL software need not be expensive.
