Corporation Tax Compulsory Online Filing The HMRC Perspective Jen Little HMRC Carter Programme

Benefits Compulsory online filing and electronic payment will deliver benefits to HMRC UK plc – us all as taxpayers And to CT paying businesses

Taxpayer benefits Online is secure, speedy and certain: with iXBRL we see exactly what you send Better data, and smarter use of data. That is good for HMRC and good for customers Greater focus on high risk = less intervention for low risk businesses Less no-value / low-value contact Enquiries more targeted and quicker Improved tax policy making

Better data and smarter use Return – submitted online using iXBRL Human readable format Holding Database Risk Mart Analysis capability computer readable format Define /develop risk parameters Risks identified Policy making Intervention Resolution Inspector Other databases CompsAccountsCT600

Better interventions Early identification and quick resolution of simple errors Apply risk parameters to Deselect low risk cases flag items outside ‘norms’ Better targeted questions during interventions Continually develop our picture of risks and norms

Software HMRC product is in place and operational. Suitable for businesses with less-complex tax affairs For others, will be key that they identify the right approach to going online: FAP software or conversion getting the right software to support their chosen approach

HMRC Recognition of Software HMRC does not ‘recommend’ or ‘approve’ but do have ‘test’ and ‘recognition’ processes Software developers can test that their products will work with our systems ‘Recognition’ process currently Based on 3 sets of ‘standard’ accounts and comps provided by HMRC Developers use their product to produce and submit iXBRL version HMRC review to ensure completeness

Currently recognised To date 6 iXBRL products passed recognition: includes Comps Production and Conversion packages for Accounts [x] products applied for and going through recognition now Bulk software releases will be in Spring and Autumn will give latest position with recognitionwww.hmrc.gov.uk/efiling/ctsoft_dev.htm

Working together No impossible hurdles: we want to make this work Want to hear your concerns and work with you to resolve them Many sources of help and support Website Guidance CRMs Rep Bodies Carter Team

Soft Landing The key is working together - to make this work for all of us Help and support in the implementation phase Appreciate not everyone will get it exactly right first time Particularly sympathetic approach to penalties in first two years Reasonable excuse Reasonable care Working with you to get it right