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iXBRL filing with HMRC (and Companies House)

What is the best software or service option for companies to make an single annual filing?

Didn't find your answer?

I can't believe this hasn't come up before! (I did search) ...with the changes to the tax treatment on loans of BTL properties, many landlords have incorporated.  They will soon find out that property investment companies can't file online with HMRC and needs specialist tax filing and iXBRL tagging software to file.  There are plenty of options for practices, but almost none for anyone who already has their annual accounts but just needs them tagging and filing on their behalf. There are a few excel add-ins for tagging but they don't generally file the CT600. Does anyone have any suggestions for software to file with HMRC & CoHouse for property companies or even a bureau offering this service to property investment companies?

Thanks

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By Matrix
25th Feb 2018 16:28

If this hasn't come up before it is because this is a forum for accountants and we all subscribe to paid software, so would not be using the free HMRC software (and are in fact not allowed to use this as agents).

Are you looking for paid software? If you do a search then the usual names that come up are Taxfiler, Taxcalc and BTC.

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Replying to Matrix:
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By Chris7
25th Feb 2018 16:51

The problem with paid software is it costs £300+ which isn't viable for a single company file. My preference would be a service who will take existing accounts and file them, but none of my local accountants seem keen to submit accounts unless they have also prepared them.
FYI the Taxcalc service has closed down
https://www.taxcalc.com/xbrl

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Replying to Chris7:
By Tim Vane
25th Feb 2018 17:00

Chris7 wrote:

The problem with paid software is it costs £300+ which isn't viable for a single company file.

For single filing software you would be looking at closer to £30 than £300, so you probably need to look again. If a company cannot afford £30-£40 to file its return then it is not a viable business.

Chris7 wrote:
but none of my local accountants seem keen to submit accounts

I should hope not. It would be in breach of their professional guidelines to submit accounts they had not prepared (or reviewed, which usually takes longer).

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By Tim Vane
25th Feb 2018 16:43

There is a long list of compatible software on the HMRC website and another on the CH website. Many of the options work for both agents and companies.

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By Chris7
25th Feb 2018 16:56

Yes I've seen that list. Unfortunately it isn't much help because when you get into the detail, most are software developers looking to sell enterprise type systems to accountancy firms and the few others which do exist are either consultancies who want to provide a full service of account preparation or they won't really work.
www.xl2xbrl.co.uk looked promising but it only creates the tagged file and it looks like you still need other software to submit it. I guess this might be the wrong forum if you are all using this type of software already, you probably don't have a need to outsource

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Replying to Chris7:
By Tim Vane
25th Feb 2018 17:01

Look again, there are several sub-£50 options.

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By Chris7
25th Feb 2018 17:22

Is this the list you mean
https://www.gov.uk/government/publications/corporation-tax-commercial-so...

I can't see ANY sub £50 on there. I suspect you've not gone into the detail. True I can get a file tagged in excel, but that doesn't give me the ability to file it with HMRC without further software - can you name any I should look at?

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Replying to Chris7:
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By jimmyxyz
25th Feb 2018 21:47

This is on the HMRC list, and is below £30:

http://www.sa2000.co.uk/

This is on the list and is below £50:

http://www.andica.com/

Both appear to do everything you want.

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Replying to jimmyxyz:
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By Chris7
25th Feb 2018 22:45

The andica one does look very comprehensive and £48 is MUCH better than anything else I've seen.

The sa2000 looks a bit more ropey (excel add in rather than standalone) but I do like that they encourage you to download the manual and software for free to try it out, and you only need to pay when you actually come to file

Thanks for your help- I will give the sa2000 a try and see how it goes!

(although neither will submit to Co House but I guess you can't have everything)

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ALISK
By atleastisoundknowledgable...
25th Feb 2018 19:25

I suspect your issue will be that you need software to submit the CT600, accountants have that software but won’t submit the tax return without having done the accounts.

It’s not the answer you want, but you’re probably going to have to find an accountant who will check your accounts, submit them and the tax return. If you shop around, you’ll probably find someone who’ll do it for a few hundred pounds.

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Replying to atleastisoundknowledgable...:
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By Chris7
25th Feb 2018 22:48

That has been EXACTLY the problem. I used to write code to parse files and tag with XML so I could create the file myself at a pinch, but the submission and verification protocols are much harder to manage

The 2 packages above look like they might work so I will investigate further!

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