HMRC is launching a new corporation tax return online filing system on Monday 23rd November 2009. They claim that there are many advantages for companies who use the new system, including:
Customised Company Tax Return
If you can use Corporation Tax Online, your online return form is customised for your company or organisation.
Automatic calculations
The online return form also features automatic calculations and checks. Automatic calculations leave less room for mistakes. This means that you’ll be less likely to be penalised for missing filing deadlines or for filing an incorrect return.
Immediate filing and acknowledgment
Online filing means there are no postal delays or unnecessary processing queries to worry about. You’ll know that your Company Tax Return has been successfully delivered because you immediately get:
- an on-screen acknowledgement
- an online submission reference number (commercial software only)
- an email to confirm this information
Since online filing will become mandatory from April 1st 2011, it is as well to prepare for this now. At Churchill Knight we have upgraded our accounting software already and will commence to process the company tax returns for our clients using this new system over the coming weeks and months.
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