News

HMRC issues list of corporation tax software

HM Revenue and Customs (HMRC) has published a list of software suppliers whose products have been tested for their ability to submit the new format online corporation tax returns.

As from 1 April 2011, for any accounting period ending after 31 March 2010, all company tax returns must be filed online with accompanying accounts and computations in Inline eXtensible Business Reporting Language format.

HMRC has said that there is a range of internet filing enabled software and forms available from both the tax authority and software suppliers.

These can be used to file company tax returns including accounts and computations online in the statutory iXBRL data standard.

However, HMRC added that the listed software has not been tested for other features, including usability and security, and that businesses must make sure that their software meets their full requirements.

More software suppliers are still currently testing their products with HMRC and they will be added to the list once they have been proven.

The list as it now stands can be found at http://www.hmrc.gov.uk/efiling/ctsoft_dev.htm