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All About iXBRL Tagging

In this section we talk about iXBRL tagging for converting statutory accounts and tax computations into iXBRL format.This format is required as a part of Corporation Tax Returns filing (CT600) with HMRC and also for filing annual accounts with Companies House

HMRC and Companies House introduced a joint filing service for company accounts in October 2010. Starting from 1 April 2011, most companies must file their Company Tax Returns including financial statutory accounts and tax computations in iXBRL format, for accounting periods after 31 March 2010.

For your benefit we have collated relevant information related to XBRL filing with HMRC. The information is provided as a guide only and is not professional advice including legal advice.

All about iXBRL

XBRL, abbreviation for eXtensible Business Reporting Language, is an XML-based language for tagging...

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Why ?

Legislation, which came into force on 1 January 2010, means that it is compulsory for companies to send...

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Who ?

The statutory accounts filed along with the corporation tax returns need to be in iXBRL format if they are required to ...

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What?

Statutory accounts must include information such as: 'balance sheet', which shows the value of ...

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When?

Every business entity that is required to file their corporation tax returns must prepare, after the end of its ...

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How?

Companies have multiple options to consider when it comes to preparing their iXBRL reports. The best option...

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Popular Blogs

Our iXBRL experts frequently write on contemporary topics related to iXBRL in UK, CT600 annual returns filing with HMRC and accounts filing with Companies House.Please visit our blog section.

31 July, 2018

Managing transition from UK GAAP to IFRS

UK Government’s tax department, Her Majesty's Revenue and Customs (HMRC) directed that effective from April 1, 2011 all UK based companies must file their Corporate Tax returns (CT returns) comprising of statutory accounts...

30 May, 2017

All that you need to know about HMRC CT600

Did you recently receive a ‘notice to deliver a Company Tax Return’ from HM Revenue and Customs (HMRC) and considering how to go about it. This blog provides you information on all that you need to know about iXBRL filing...

25 Sept, 2018

Top 10 iXBRL issues faced during CT600 filing

It has been 6 years since HMRC mandated iXBRL for filing annual returns and tax computations as part of the CT600.We have been frequently receiving queries from our customers related to CT600 filing.In this article...