www.efileready.com is proud to introduce its latest iXBRL CT product to existing and prospective users. Just like the other web-based on demand solutions we have offered over the last 4 years this iXBRL CT product will help you to simplify Corporation Tax (CT) e-filing over the Internet. It also helps you to avoid complicated  XML e-filing development work.

Even if you have already developed your own system you can still benefit from using ours because it has proven stability and a unique comprehensive Accounts approval process conducted confidentially over the https. Getting drafted Accounts approved and accurate, within the company or between you and your clients, is just as important as getting the finalised data to the HMRC. This is why you will find this package particularly helpful.
 
How the www.efileready.com System Works:
CT e-filing consists of Part A and Part B
Part A.  Your Accounts and the Computation for the CT600. These have to be e-filed in an iXBRL file format.
Part B.  CT600 and its respective Supplements. These have to be e-filed in a XML file format.

Both Part A and Part B must be e-filed together as one for a return. Our system allows you to e-file your Part B in a simple CSV file without worrying about XML development work because our server will convert it automatically to the HMRC required standard.

What you need to do is upload your CT600 and its Supplement in a CSV file to our server, together with the iXBRL files you have prepared and we will e-file it all for you to the HMRC automatically.  You no longer need to know how the HMRC's e-filing system works nor do any associated development work.  We take care of it all for you.

In a nutshell, your CT e-filing task will be accomplished once you are able to extract your finalised accounting data from your accounting system on to a spreadsheet. The rest of the e-filing work will be done by the iXBRL software and our system.

What We Do
On top of  simplifying your CT e-filing returns, the system helps you to go green with a comprehensive Accounts approval process within your company and between your clients.

The comprehensive approval process allows your clients to log in, like logging in to an individual Internet bank account,  to view the prepared Accounts, the CT600 and the related Computation over the https at anytime.  In the approval process your clients or your colleagues can make remarks on the Accounts through the secured connection. 

Once the Accounts are approved you can e-file them immediately and efficiently. If your company or your client disapproves of the Accounts and/or the CT 600 data the system will block you from e-filing it to the HMRC, effectively preventing any future complications with the  Tax Office.

Before you e-file the data it is important that you allow your clients or your company directors to approve the set of Accounts because once the Accounts are e-filed you cannot take them back. Amending submitted returns can be very time consuming.

Should your clients wish to maintain a printed version they can print as many copies as they want at any time.

What We Do Not Do
The system is not an accounting package.  It does not produce the Accounts, instead it works easily with all accounting packages of all sizes and complications to fulfill the iXBRL e-filing requirements, regardless of the operating systems they run on.

How You Can make use Of The System.
• An Accountancy Firm or an Individual Organisation:
You need not install any software nor maintain its upgrades because it is offered on demand over the https based on a cloud computing concept and managed professionally.  We look after all your requirements and ensure the system works for you and is in compliance with the latest HMRC regulations. Comprehensive support and back up of your data are also part of this cost effective package.

Once you sign up and create an account over the Internet you can instantly make use of the system to e-file your CT returns.  If the Accounts are not yet approved you can use the approval process system we provide to get the Accounts approved confidentially with all the parties concerned over the https. 

• An Accounting Package Vendor:
The service can be run under a "White Label" server.  This means everything will be run under your name with the same features of service as mentioned. The server could be a virtual one managed by us on your behalf, or a dedicated one hosted at your office or at your chosen data centre.


Who Can Use It?
The package is open to all but is particularly useful for:-
-  Accountancy firms
-  Accounting Package providers
-  Consultants
-  Individual Companies and Others

What a Partnership Can Do
We are looking for partners who produce accounting solutions and/or other iXBRL producers to jointly promote both our product and yours.

Click here for a Flowchart representation of HMRC CT600 e-filing process

Click here for a Flowchart representation of Companies House E-filing of Accounts in XBRL / iXBRL process

Link to Proposed Agenda