iXBRL Resources & Software for Free

A brief history of why you need to file in iXBRL?

Legislation, which came into force on 1 January 2010, means that it is compulsory for companies to send their Company Tax Returns online using iXBRL for accounts and computations. It will no longer be acceptable for most companies to send either the accounts or computations on paper or as a PDF attachment to an online return. Unincorporated charities, clubs and societies may use either iXBRL or PDF for their accounts, but any computations must be in iXBRL format.The new requirements are effective for returns delivered on or after 1 April 2011, for any accounting periods ending after 31 March 2010.

What is iXBRL Format?

The iXBRL format being used in the UK for company reporting is known as Inline XBRL or iXBRL. This consists of a human-readable report, which has iXBRL tags embedded in it. The human readable text is effectively HTML – the basic language of the web. The web file contains the iXBRL tags, which are hidden and only displayed to human eyes when required by software.

The iXBRL format, technology, taxonomy and all concepts associated to it are under constant development. Some new and emerging concepts are iXBRL For “Glossy” Reports a preview of the report can be seen here.

iXBRL Resources like Guide, Taxonomies and Validator Link

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UK Taxonomies

UK iXBRL Validator

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Download trial version of free iXBRL Tagging Software.

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