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XBRL: Filing under the new accounting standards
19 May 2014
Andrew Hughes
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HMRC NL Standard | 05/08/2013 | 2Protective marking – Unclassified
XBRL: Filing under the new accounting standards
HMRC filing requirement unchanged
• Accounts required as part of company tax return
• HMRC require the accounts a company has prepared under the Companies Act
• Must be submitted online
• Accounts and computations must be in iXBRL
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HMRC NL Standard | 05/08/2013 | 3Protective marking – Unclassified
XBRL: Filing under the new accounting standards
New Accounts Taxonomy - Implementation
• TPVS - October 2014
• Live - December 2014
• Changes to:Joint filing validation rules
Generic dimension validation
• New FRS DPL Taxonomy version
(TPVS Feb15, live April 2015)
• Mandatory - April 2015
• No MTL
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HMRC NL Standard | 05/08/2013 | 4Protective marking – Unclassified
XBRL: Filing under the new accounting standards
Going forward
• Transitional Arrangements
• Revised Accounts Taxonomy
Maintenance and extensions
• Revised CT Comp Taxonomy
Budget changes
CT600 Version 3
• Implement Micro Entities provisions
• Improve tagging quality
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HMRC NL Standard | 05/08/2013 | 5Protective marking – Unclassified
XBRL: Filing under the new accounting standards
Questions/Comments?
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Thank you
Andrew HughesCT Process TeamCTISAHM Revenue & Customs