July 28, 2010 – The British government is doing away with current filing tools and insisting all corporation tax filings are made using the computer language iXBRL. Although companies don’t have to submit their taxes in this way until 1 April 2011, new software development and tagging is causing some fears.
The fear of erroneous tagging on tax forms is the topic of a post on the blog Technology Matters, “Faith in HMRC?” The seriousness of tagging metadata in any business should be considered when selecting the software and firm to do the work. Access Innovations delivers American National Standards Institute (ANSI) standard solutions for their clients. This sets them apart from the rest in terms of quality and customer service.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.