View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 9, 2011

Minister dismisses call to delay iXBRL

The UK government has rejected pleas to delay the transition to a new corporation tax online filing regime saying it will be “sympathetic” to difficulties in software delays.

Earlier this month the Institute of Chartered Accountants of Scotland (ICAS) and other large institutes urged the UK government to review its 1 April 2011 date of mandatory iXBRL tax filing because many companies and tax agents do not have the software yet.

In his response letter, HM Treasury exchequer secretary David Gauke said “no-one who has made a reasonable effort to comply will be penalised” and any customer with real difficulties were told to contact HM Revenue & Customs (HMRC).

However, ICAS assistant director of tax Donald Drysdale said “this is far from ideal.” He explained that contacting the HMRC can be “an almost impossible task at the best of times.”


Related article

Businesses not ready for iXBRL tax filing

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin