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Ixbrl accounts for final tax return

Ixbrl accounts for final tax return

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Hi all,

I believe that I am correct on this, but am after confirmation.

Can a final tax return be submitted without an ixbrl file (instead I believe you can submit a PDF of the trial balance). The company is to be struck off via a DS01, so it is not cost effective to prepare a final set of accounts.

I have had a look, but cannot find legislation supporting (on not) the above

Thanks

Matt

Replies (6)

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By johngroganjga
17th Nov 2021 11:55

If you haven’t prepared accounts, how on earth do you know what figures to populate the return with?

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Replying to johngroganjga:
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By MattS
17th Nov 2021 13:50

To clarify, the PDF trial balance that I referred to is final figures with number that we are happy with. If I can, I propose to cut out the preparation of the statutory financial statements as there is no requirement to file at CoHo given the impending DS01 (To be filed post tax return submission)

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By ireallyshouldknowthisbut
17th Nov 2021 13:26

HMRC will need the accounts to support the CT600. I don't know if you can submit a PDF in its place as iXBRL files are automatic from commercial accounts prep software so they always get attached in such a situation. My understanding was they are mandatory documents even if in practice they are not used by HMRC in any capacity.

CH will not require final accounts to be filed.

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Replying to ireallyshouldknowthisbut:
By Duggimon
17th Nov 2021 16:09

ireallyshouldknowthisbut wrote:

iXBRL files are automatic from commercial accounts prep software so they always get attached in such a situation

It's optional in ours (IRIS)

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By Duggimon
17th Nov 2021 16:09

You certainly can file CT600s without accounts attached, as in it is accepted by the gateway as a valid submission. I would probably just send it to HMRC with the TB and a note about why there's no accounts and see what they do with it.

I mean, I wouldn't do that, if I had the TB I'd just do the accounts with it, but if I was in your position and for some reason not doing the accounts, I would try just sending it and see what happens.

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By Exector
18th Nov 2021 11:52

HMRC have published guidance in this area, link as follows:

https://www.gov.uk/government/publications/corporation-tax-mandatory-onl...

HTH

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