| HM Revenue & Customs
(HMRC) has teamed up with accountancy
experts to provide online advice on
changes to corporation tax due in April
2011. From 1 April 2011 onwards, all
companies and organisations will have to
file company tax returns online for any
accounting period ending after 31 March
2010.
From the same date, they will have to
pay any corporation tax and related
payments due electronically, for example
by direct debit.
Under the changes, all corporation tax
returns and supporting documents,
including accounts, will also have to be
filed online using Inline eXtensible
Business Reporting Language (iXBRL).
Now HMRC and the Association of
Chartered Certified Accountants (ACCA)
have produced a video podcast, or vodcast,
providing guidance on the changes,
including the preparations businesses
should be putting in place and the penalty
regime.
The podcast, which can also be
downloaded as a transcript, is available
on the ACCA website at
www.accaglobal.com/uk/members/publications/podcasts
LINK:
Switching from paper to online returns
guidance |
