What is iXBRL tagging?
iXBRL tagging is a way of translating financial information into an electronic format. Each item in your accounts is given an individual tag or code and is displayed in a web page format (HTML), readable to a computer and a human reader. This is then be submitted and processed by central databases at government agencies such as HMRC and Companies House.
Since 1 April 2011 all corporation tax returns for companies, clubs, societies and associations are required to be filed online, with the computation and accounts attachments in the specified iXBRL data standard. HMRC will no longer accept PDF attachments or paper filings.
Our iXBRL tagging service
With over 5000 tags available to select from for some businesses, the process can require the use of specialist software and human intervention.
Businesses are frequently finding that the time and/or cost of converting their accounts to iXBRL format is staggering using their current tax advisers or in-house accounts team, especially if their accounts are produced in Word or Excel format.
In response we have created a dedicated in-house iXBRL team and chose a reputable software supplier to work with to offer businesses a more cost effective alternative.
Our team is highly trained and experienced in iXBRL tagging and can help individual companies as well as large groups of companies to meet their iXBRL tagging obligations.
Why choose our iXBRL service?
Get in touch
Whether you have a specific query, would like to discuss how we can help or for a no obligation quotation, complete this form and and we will get back to you as quickly as we can.