PRIVATE SECTOR IT SYSTEMS FARED worse than HM Revenue & Customs' when filing corporate tax returns under the new iXBRL format.
HMRC required all corporate tax returns to be filed online from 1 April using the new iXBRL technology. Filers could use software bought from their own suppliers or use systems provided by the Taxman.
HMRC's systems fared better than those of software vendors, with 94% of iXBRL corporation tax filed successfully using its software, compared to a 65% success rate from all private IT providers.
For the month of April, one in three businesses failed to successfully submit corporate tax returns and had to re-submit. HMRC said it would take a sympathetic approach to any mistakes made in the first year of the technology's introduction.
A spokesman for HMRC said rejection can be due to an error or an individual re-submitting their corporation tax return.
"The most common ‘error' causing a ‘rejection' of the HMRC software generated return was a re-submission of a return that had already been filed successfully," he said. "This most likely occurs when a customer submits a return but then resubmits before the ‘successful' response to the first submission has been received."
Digita was unable to provide a breakdown of its figures at the time of publication.
Actual acceptance rates for iXBRL returns for IRIS software are typically in the mid-90%
To provide you with a complete picture, there is a nuance around how returns are submitted that can affect those rates.
The original numbers you have quoted include customers using non-IRIS accounts production products to create their accounts then sent from IRIS Corporation Tax – which significantly drags down the average.
When customers use ONLY IRIS software (IRIS, PTP, Drummohr) to produce their Accounts and attach them to a CT Return the numbers look like this :
IRIS Corporation Tax Returns with IRIS Accounts Attached
3rd Party CT Returns with IRIS Accounts Attached :
PTP and IRIS Accounts 94.01%
Hope this clarifies the position, and shows that IRIS continues to lead the market with respect to iXBRL filing.
Posted by: Phill Robinson, 09 Jun 2011 | 11:48
For example, the reference to Iris, I assume refers to Iris CT - but is there a breakdown showing Iris CT with Iris accounts, Iris CT with Sage accounts etc?
Posted by: Kevin Ringer, 11 Jun 2011 | 20:36
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