Sage confirmed that its accounts production programs will not be ready before the 1 April deadline when firms will have to start efiling iXBRL year end accounts with their Corporation Tax returns.
People inside and outside Sage have been aware for some time of the company’s struggle to incorporate the iXBRL functionality into Sage Accounts Production (SAP) and Sage Accounts Production Advanced (SAPA). The latest delay is the third time that the delivery deadline has been shifted back.
Generating the iXBRL output from a final accounts program is widely accepted to be the most efficient way to deal with HMRC’s iXBRL requirement, and not having these products ready in time for April is a major embarrassment for Sage. Sage’s head of R&D Ben Bishop is no longer with the organisation and has gone to “seek new challenges” according to Sage Accountants Division managing director Jayne Archbold.
About John Stokdyk
John Stokdyk is the global editor of AccountingWEB UK and AccountingWEB.com.