ixbrl faq - 1stopXBRL

iXBRL faq

What is legislation set out by HMRC?

iXBRL

The legislation, which came into force on 1 January 2010, means that it is compulsory for companies to send their Company Tax Return online using iXBRL for accounts and computations.
Effective on or before 1 April 2011 for any accounting period ending after 31 March 2011, UK company tax returns must be filed online to HMRC in Extensible Markup Language (XML) with the accompanying statutory accounts and tax computations in the inline variant of the eXtensible Business Reporting Language (XBRL) format known as inline XBRL (iXBRL)
These filings will need to adhere to UK GAAP and IFRS Taxonomies. HMRC has looked at the full library of possible tags and has now published a minimum tagging list for UK GAAP accounts and UK IFRS accounts.

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