Corporation Tax online – its free, its iXBRL complaint and you can file accounts too

I recently registered to use the HMRC Corporation Tax online services and my activation codes arrived today, so far I am impressed.

Obviously you need to know how to correctly do your Tax Computations first, nothing can remove the complicated tax calculations for Capital Allowances, Loans to Participators, Small Company Relief etc, you need skill for that part. But from reading the manual it seems that you can enter your accounts, computations and complete the CT600 and file it without needing to spend a fortune on specialist software to produce the iXBRL tagging now required.

Let’s see if I am still impressed when I try to enter the information.

steve@bicknells.net