Is there any update on corporation tax integration? I am currently looking at moving to quick books or xero. QuickFile does not currently have functionality to make the submissions. Is quick file going to add these new functionalities into their software? If not, my accountant will unable to submit the accounts and corporation tax using quickfile
Hello @Sophgoody
We are not saying this is something we won’t support. Our intention always has been to support as much of MTD as possible. We are continuing to work closely with HMRC on this.
As it’s been discussed elsewhere on the forum, HMRC have moved the goalposts several times over the past few years in regards to what’s happening and when. Our development team are actively working on MTD features and we’ll share any news and details as soon as we can.
However, it’s always worth engaging with an accountant as there may be tax benefits and schemes that you can take advantage of.
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Had a quick look at Quickbooks (QB) and Xero - the ability to submit the corporation tax return (CT600) is only available to the Accountants, on behalf of their clients and not the company themselves. Most Accountants use third party software (or QB or Xero) to file CT600’s so they can easily export a final trial balance from Quickfile and then input into the software of their choice.
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