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.
XBRL, abbreviation for eXtensible Business Reporting Language, is an XML-based language for tagging...Read More
Legislation, which came into force on 1 January 2010, means that it is compulsory for companies to send...Read More
The statutory accounts filed along with the corporation tax returns need to be in iXBRL format if they are required to ...Read More
Statutory accounts must include information such as: 'balance sheet', which shows the value of ...Read More
Every business entity that is required to file their corporation tax returns must prepare, after the end of its ...Read More
Companies have multiple options to consider when it comes to preparing their iXBRL reports. The best option...Read More
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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.
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