We do xHTML conversion, iXBRL tagging and filing with ESMA.
No Software or ESEF expertise required.
Guaranteed Filing Guaranteed Best Price Quickest turnaround
Whether you are a corporate communications agency preparing corporate annual reports for your clients or a company preparing your annual reports in-house, we assist you to convert the documents to ESEF (xHTML/iXBRL) for ESMA reporting.
Our pricing for ESEF Reporting solution is sensible, simple and transparent. It is based on effort depending on the number of pages to be converted to ESEF format. No software needed to install or learn. No iXBRL expertise required.
ESEF Reporting Services
to convert annual reports to xHTML / iXBRL for ESMA filing
Our iXBRL experts are skilled in preparing reports for different accounting standards such as UK-FRS, EU-IFRS and UK-GAAP. Each reviewer of iXBRL report is experienced in preparing minimum 500 iXBRL reports of different types
Our service process has in-built preparer-checker verification and random audits to ensure that the final iXBRL reports are accurate and meets our customer’s expectations. Our process are certified for ISO Quality Standards
Our goal is to ensure our customers are happy with our services and will not hesitate to use our services again or refer us to their network of contacts. In the rare instance you are not delighted with our services, we refund fully.No questions asked.
FinTags adheres to regulations related to secure handling of data. All data are hosted in a secure server based in UK. We also audit our process periodically for information security and are certified with ISO and are GDPR compliant
We understand that sometimes our customers would need the report within a few hours or sometimes it could be planned few weeks ahead. Our delivery model is flexible to meet these requirements
We focus on keeping our iXBRL tagging quality high and cost of customer acquisition low by constantly reviewing our process. This allows us to maintain our pricing competitive and our financial health robust
ESEF stands for European Single Electronic Format. It is a format of reporting annual financial statements that will be enforced by the European Stocks and Markets Agency (ESMA).
According to European Transparency Directive (ETD) this format will be mandatory to use for all Annual Financial Reports beginning 1st of January 2020.
The RTS on ESEF will apply to all issuers subject to the requirements contained in the Transparency Directive to make public AFRs.
All About ESEF Reporting | Article Series Part 2
What are the requirements of ESEF Reporting
The ESEF requires that:
All AFRs shall be prepared in XHTML, which is human readable and can be opened with any standard web browsers;
In addition, companies preparing their consolidated AFRs under IFRS (or an equivalent GAAP) will need to include iXBRL tagging using the IASB’s taxonomy
The XBRL ‘tags’ shall be embedded in the XHTML document using the Inline XBRL technology, which allows the benefits of XBRL tagged data to be combined with the human readable presentation of AFRs;
All About ESEF Reporting | Article Series Part 3
Who should submit annual reports in ESEF
Any company listed on a regulated UK or European exchange with securities (includes both shares and bonds), regardless of whether their registered office is in the EU or in a third country, will be required to conform to ESEF and file its annual financial report (AFR) in xHTML. Additionally, if the entity prepares IFRS consolidated financial statements then it is required to tag the primary financial statements in accordance with the IFRS taxonomy using iXBRL format.
Currently, the ESEF impacts only the main-market-listed companies and does not cover the alternative- investment-markets (AIM) listed companies.
All About ESEF Reporting | Article Series Part 4
What is the scope of iXBRL tagging
In its first year, the mandate for iXBRL tagging of financial statements is limited to primary statements namely income statement, balance sheet, statement of cash flows and statement of changes in equity and shall be marked up in detail. So, in 2021, a company has to submit these four financial statements in iXBRL format.
From the following year, the scope of tagging expands including Notes to Accounts. Notes will need to be marked up by applying mark-ups for whole sections of the notes (block tagging).The tagging of numbers within the Notes is voluntary.
Listed companies now have to fine balance the art of preparing their annual reports to effectively communicate important performance information to all stakeholders while at the same time complying with the new regulation requirements. As it always happens, there is no one-size-fits-all answer and each listed corporate need to look internally the resources available and decide their best option
The online ESEF pack filed through the OAM will need to consist of the following attachments:
Annual Financial Report in XHTML;
Statutory financial statements of the legal entity in iXBRL (using right taxonomy);
All About ESEF Reporting | Article Series Part 6
What are available ESEF Reporting Solutions
Companies have multiple options to consider when it comes to preparing their ESEF reports. The best option will depend on the resources available in house.
If you have in-house expertise then you can install a customized software package which incorporates the appropriate taxonomy and allows tagging of data elements against the taxonomy.
If you prefer an expert’s help then you could consider outsourcing ESEF report production altogether to experts like FinTags.
We receive your existing annual financial report in formats such as Word or PDF format and send you ESEF package with experts-tagged iXBRL files after quality check and successful test filing with ESMA.
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What Our Customers Say
Sensible Price...
I was very impressed with your service and sensible price based upon the actual size of the Company and relevant accounts.
Director
SW Development Company
Great Customer Service...
I really appreciate it! You most certainly have shown me a great customer service.
Director
Garments Retail Company
Will recommend...
Thank you and the fintag team for your help. As always the service is professional and very much appreciated. I will recommend you if ever I am asked for tagging services.
Chief Accountant
US/UK based Accounting Services Firm
Prompt turnaround...
Thank you for submitting this - and for such a prompt turnaround..
Director
Real Estate Company
Will bear in mind for future...
Please thank your team for all of your help with the filing. I’ll bear you guys in mind for the future.
Director
A firm of Chartered Accountants
Very pleased...both in speed and quality
I used your service for a few of our entities now and have been very pleased with your work both in terms of speed and quality.
Company Secretary
A well respected Business Group
750+
Happy customers
12
Years of XBRL experience
6
Countries presence
4
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Our iXBRL Services Also For
We also offer iXBRL tagging conversion services for filing regulatory reports in other countries.
