Hi
I own website hosting and design company and usually create my own accounts for Companies House and also need to make a return to HMRC Coroporation Tax annually. Recently there has been a move to present company accounts in the iXBRL format (inline business reporting language). This either requires using a firm of accountants or buying in to a service that will convert accounts to the iXBRL format. Many small companies have been able to make their own returns, they now face a problem. The going rate to create iXBRL compatible accounts is currently about 90 GBP. If I have to pay this I might as well close down my business. However, why can't I add the appropriate iXBRL tags myself my accounts are very simple and the iXBRL format is a type of HTML file. In short my accounts need to be tagged and the file needs to be saved as an iXBRL file. I am happy to work in source code and it would seem that I could learn how to add the appropriate iXBRL tags to an HTML copy of a Word or Excel file. The trouble is I can't find much about how to do this. I don't even know which forum this post should go on, programming?
Geoff_2 0 Newbie Poster
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Jump to PostI appear to be across the pond so when this question came up I hit google. There appears to be a lot of docs out there so if one were to dive into this it does appear possible to roll your own solution. But 90 GPB looks to be about …
Jump to PostHaving a friend who is an accountant helps :)
The £90 should be tax-deductable if you're submitting on behalf of your company. I realise this is an additional cost for you (although there were suggestions about this around 5 years ago), but £90 shouldn't kill you, should it?
The iXBRL …
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