We have introduced the implementation of Group iXBRL accounts filing for HMRC and Companies House submissions. This enhancement aligns with the latest FRC 2024 taxonomies as published by the Financial Reporting Council (FRC) and adopted by HMRC and Companies House. The update is specifically tailored for UK and Northern Ireland Company templates under FRS 102.
This release ensures full compliance with regulatory standards and streamlines the submission process for structured, machine-readable financial statements.
Key Features:
Supports audited accounts, audit-exempt accounts,
Ensures correct FRS 102 taxonomy tagging for structured, machine-readable filings.
Provides enhanced error validation, helping users avoid rejected submissions.
How to Use:
For successful submissions to authorities like Revenue or HMRC, ensure correct configuration of specific fields such as the 'Other Ref' field for Revenue's Company number, and 'CT Ref' for Country of Incorporation's dataset. Additionally, select the correct FRS reporting option (FRS 102) as applicable.
Navigate to Compliance Database → Legislation, Compliance and Disclosure → Accounting Options.
Ensure your entity is configured under FRS 102 or FRS 102 Section A where applicable.
Prepare and submit accounts through the integrated HMRC and Companies House iXBRL filing system.