The End of an Era on CT600

By Steven Cox | 10th December 2015 | 7 min read

It’s closer than you think

The withdrawal of HMRC’s current free corporation tax software means that, according to HMRC’s own estimate, around 300,000 accountants across the country will be shopping around for an alternative.

If you've been using this free service to file clients’ CT600 corporation tax returns, you need to keep a watchful eye on the calendar. While the official deadline for the withdrawal of the service –31st December 2016 – is months away, there are two reasons why your practice would benefit from implementing a new CT600 solution much sooner:

  • The service will still be available only for accounting periods ending on or before 31st December 2015 and where these are filed by the twelve-month deadline of 31st December 2016.

You will, therefore, not be able to use HMRC’s software for accounting periods ending on or after 1st January 2016

  • if you buy a replacement early in 2016, you will be able to enter data into the software as you go through the year.

In contrast, if you start entering client data into the new software for CT600 at the end of 2016, this duplicate data entry will be a drain on practice resources. There will also be data from previous years that you will need to collate and enter. Think of the inevitable panic and errors as the cut-off date looms.

Your New Year’s resolution?

HMRC’s decision means you cannot avoid buying a proprietary CT600 solution. So, why not purchase replacement corporation tax software solution sooner rather than later in 2016 and avoid creating problems for your practice further down the line?

At IRIS, we understand and anticipate changes in the compliance framework. Our CT600 infographic takes a look at the options when choosing a proprietary solution. It will help you to consider which factors are most important for your practice: cost, functionality, on-premise, in the cloud…

Download the CT600 infographic

About the author

Steven Cox

Chief Evangelist

Steve is Chief Evangelist of IRIS; a technologist and chartered accountant (FCCA) who looks at how technology can simplify the modern working environment.

He joined IRIS in 2002, who’s career at IRIS has spanned many areas of the business including Customer Support, Engineering and Product Management. His most recent previous roles at IRIS include Senior Product Director and Interim CTO.

Steve has over 18 years of experience in technology and accounting which he uses to work closely with customers, software companies, accounting/governing bodies and the government to champion the digital transformation of UK Education organisations, SMEs and Accountants.

In Steve’s current role as Chief Evangelist, he has looked across the globe at how technology and legislation is changing the roles and requirements professionals in the workplace and looking to the future to predict how their roles will further evolve.