Dec 2012
10
IXbrl - Mandatory Rollout Planned by Revenue for October 2014
iXbrl is a means of submitting accounts information electronically.
Revenue has announced that filing of accounts in this manner will be mandatory for large cases from October 2013 and for all other cases from October 2014.
As the information included within an iXbrl submission is more comprehensive for small companies than required through the present system of accounts extracts, we do not believe that businesses will wish to opt in to iXbrl until such time as it is mandatory.
We intend to roll out iXbrl functionality in Solutions Plus in early 2014.
