- Prepare the company accounts – Ftax does not carry out this service, but recommends VT Software. Alternatively, you may wish to prepare the accounts using spreadsheets, or other software packages.
- Complete the Ftax CT600 tax return – including the ‘Profits’ worksheet, and ‘Capital Allowances’ worksheets if necessary.
- Generate the iXBRL Computations file – click the ‘iXBRL’ button at the bottom left of the opening page of the form and select ‘iXBRL Computations’. An email will be returned with the iXBRL Computations file attached. Drag, or download this onto your desktop or any known location.
- Generate the iXBRL Accounts file – the current ‘V3’ Ftax CT600 form includes an ‘Accounts’ section accessed via the bookmarks on the left. After completion, return to the opening page of the form, click the ‘iXBRL’ button, and select ‘iXBRL Accounts’. Once again, drag or download the attached file from the returned email to a known location on your computer. Note: the older Ftax ‘V2’ CT600 does not include iXBRL Accounts tagging (VT Software or the Hypercube service are recommended).
- Attach the iXBRL files to the CT600 form – go to the ‘Attachments’ page via the bookmarks on the left. Click the ‘Attach’ buttons and select the iXBRL Accounts and Computations files from their known locations. If iXBRL files are not attached then reasons must be selected from the dropdown lists.
- Submit the CT600 online to HMRC – click Submit/I Agree/Submit Now/Yes via the opening page. An onscreen receipt followed by two emails should confirm the outcome.
- Submit the iXBRL Accounts file to Company House – this must be done manually via their website. Ftax does not do this for you.
The Ftax team are working on a low-cost MTD for IT solution to be launched April 2026. Contact us for further information.