Third of iXBRL tax returns failed in April
ONE-IN-THREE BUSINESSES failed to submit their corporate tax returns in April using new technology, according to HM Revenue & Customs figures.
HMRC mandated as of 1 April that all corporate tax returns must be filed online using a new technology, iXBRL.
In April, 22,000 of the 66,513 returns required re-submission. The Taxman said it would take a sympathetic approach to any mistakes made in the first year of the technology's introduction.
Orange & Gold filed with 100% success.