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iXBRL - Accounts Tagging Service

Since 31 March 2011, there has been a fundamental change in how corporation tax returns and accounts have to be submitted to HMRC.

Now, the return and accounts have to be submitted with electronic tags attached to the data so that HMRC can automatically process the information. This set format is called Inline Extensible Business Reporting Language, or iXBRL for short.

Paper returns and accounts are no longer accepted, and even accounts prepared in MSWord or MSExcel have to be tagged.

Accounts and returns produced by Creaseys are all suitably tagged. However, if you produce your own accounts or Corporation Tax computations, we can provide the iXBRL service for you.

We can tag a set of accounts produced in either MSWord or MSExcel and provide you with the correct file ready to submit to HMRC. We can also check and tag the Corporation Tax return.

• We support full tagging and the minimum tagging requirements
• We support UK GAAP and IFRS tagging
• We do not at present support the production of accounts using foreign GAAP taxonomies
• We use Alphatag (produced by Tax Computer Systems), which is recognised by HMRC as an approved iXBRL conversion software application.

For more information or a quote please contact Jonathan Flett jonathan.flett@creaseys.co.uk 01892 546546