At times when the iXBRL accounts submission fail, there are many questions raised on as to why and how on the subject. There are some reasons and circumstances when the report submission may fail. Let us see some of them.
Submission failure:
A submission failure may occur when there is a case of information mismatch or issue in tax computation. The error codes and checks may show up. This calls for validation check on various documents through HMRC gateway. Furthermore, a submission failure due to the CT600 may show up against a company’s registration details and accounting period. What can you do? Compare the information of your iXBRL and CT600 and find out the flaws.
Attaching failure:
Error may occur when an XBRL tagging is attached incorrectly with CT600 or with accounts and tax computation. Attaching incorrect files will produce the error code 0. It is worth to be noted that HTML is the only allowed format for CT600. The iXBRL specifics code that its files should be only in html format.
Naming documents:
Documents in other formats such as .htm, .doc, pdf etc that is attached with CT600 will get rejected by the HMRC gateway. Only HTML format is permissible. But how does error occur? When the iXBRL file is opened in any browser and saved in the local folder it may change the format to .htm. Besides, manually editing the html file with notepad application can also change the format. However these accounts error can be avoided.
Possible solutions:
Experts suggest that one should not use the ‘Save As’ button by not opening the XBRL file at all, but instead simply copy paste the files to the local folder. Alternatively, the file can be sent to any email using a zipped folder. The best way is to check the format before attaching to CT600. This way, tagging is also made easy and transfer is error free.
Contact an experienced firm if you are facing errors in your iXBRL tagging and reporting at the earliest!
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