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john Boy


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i was hoping someone can advise me, i currently have on ltd company i do accounts for.  Next year the CT600 will have to be online, i can manage that but i also have to submit the accounts on line, in an ixbrl (i think) format.

there seem to be lots of accounting packages that will do this but i dont want to spend any money for the sake of one client.

I think i heard that HMRC are releasing something that would enable me to submit simple accounts.  is this true and has anyone had any experience with it?

Thanks in advance.

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ADAS


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I've not been able to do it yet, but there was a link to HMRC's own software under my agent login.

There's also a link on companies house web-site

Btw - the software wouldn't download when I tried

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Tony

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BudgetB


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You can now use the HMRC website to file both the accounts and the CT return at the same time. You create the accounts within the (free) software and hey presto all done, no need for iXBRL or other expensive packages.

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Jenny

 

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Quentin Pain


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There is a lot of FUD spread by (many) software companies about filing online and that you must have some kind of (ie. their) special software. They are using the oldest marketing trick in the book, fear.

Here's the reality. There is no law that says you must use software. Until there is, neither HMRC or anyone else can force you to use software to file (or even do) your accounts using a computer. The majority of accounts are still done on a spreadsheet (last time we did a survey it was around 50%, but as software gets easier that figure will be declining). So, will Microsoft (et al) suddenly release a UK specific HMRC uploader? Not anytime this side of the next millenium!

When HMRC say you MUST file online by such and such a date, all they are saying is that you need a computer (your library has one if you don't) to log in and enter your data. What they are stopping is the paper format, that is all.

Does anyone remember when HMRC said you could have a tax refund if you filed your PAYE online a few years ago? What happened, some software companies started claiming that if you bought their software you would get a massive rebate (as though it was courtesy of them). They pushed the same FUD that you needed special software to file online too! What a cheek.

Maybe I am cynical, but if there is one thing I have learnt about corporates it is that their marketing departments are kept as far away as possible from development (and reality).

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Quentin Pain

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moxby


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Thanks so much for saying that you can file on-line using HMRC's software. Anyone got an easy link?

The iXBRL has thrown a lot of people into confusion and software companies have rushed to get theirs compliant, so capitalising on the situation.

Bugs me. I mean, I am looking to get some accounts software shortly (shopping around) as I'm never wholly satisfied with excel accounts, but knowing there is free software c/o HMRC makes the decision much easier.

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Martin Oxby ACA
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Quentin Pain


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Here you go:
http://www.hmrc.gov.uk/demo/organisation/index.html

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Quentin Pain

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john Boy


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Quentin

thanks

has anyone used it yet?

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Quentin Pain


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Go through the demo (here's the CT link itself). It looks pretty straightforward.
http://www.hmrc.gov.uk/demo/organisation/corporation-tax/

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Quentin Pain

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Free Accounting and Bookkeeping Guides
Accounting Software From Accountz
alfie


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Quentin Pain wrote:

There is a lot of FUD spread by (many) software companies about filing online and that you must have some kind of (ie. their) special software. They are using the oldest marketing trick in the book, fear.

Here's the reality. There is no law that says you must use software. Until there is, neither HMRC or anyone else can force you to use software to file (or even do) your accounts using a computer. The majority of accounts are still done on a spreadsheet (last time we did a survey it was around 50%, but as software gets easier that figure will be declining). So, will Microsoft (et al) suddenly release a UK specific HMRC uploader? Not anytime this side of the next millenium!

When HMRC say you MUST file online by such and such a date, all they are saying is that you need a computer (your library has one if you don't) to log in and enter your data. What they are stopping is the paper format, that is all.

Does anyone remember when HMRC said you could have a tax refund if you filed your PAYE online a few years ago? What happened, some software companies started claiming that if you bought their software you would get a massive rebate (as though it was courtesy of them). They pushed the same FUD that you needed special software to file online too! What a cheek.

Maybe I am cynical, but if there is one thing I have learnt about corporates it is that their marketing departments are kept as far away as possible from development (and reality).


You answer is excellent. Your not cynical at all.

Alf Lyons of
Lyons Bookkeeping

 



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Peasie


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Quentin Pain wrote:

There is a lot of FUD spread by (many) software companies about filing online and that you must have some kind of (ie. their) special software.

I had to look up "FUD" because in this neck of the woods it means something entirely different.


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ADAS


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Cheers mate - I just had to look up both definitions. :-p

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Tony

Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
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BudgetB


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john Boy wrote:

Quentin

thanks

has anyone used it yet?



Yes, I've used the HMRC joint filing software for the accounts and CT600. Was pretty straightforward to use.



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Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
gbm


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Must admit, I had to google FUD, never heard of that one before!

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