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Latest News
XBRL UK releases UK-IFRS taxonomy with industry sector data
XBRL UK has released a final version of its UK-IFRS taxonomy with additional data for specific industry sectors. This includes a banking and finance extension which provides views of taxonomy content specifically adapted for the finance sector. The main taxonomy also contains sections for mining, oil and gas industry sectors as well as supporting the main reporting requirements for ordinary commercial and industrial companies under IFRS in the UK. The taxonomy covers primary statements and notes to accounts. The latest 31 January release also includes some minor content adjustments to improve usability. However, reports created with the original version released on 22 November will remain valid with the new version. A 'changes' folder in the zip file gives details on the adjustments. The release includes information on HMRC's minimum tagging requirements as well as Excel files providing a simplified list of taxonomy content. The taxonomy covers regulations published upto 2009-09-01 and formally carries this date. Feedback should be directed to uktech@xbrl.org. For further information, please see the release note and other information published in the taxonomy zip files.
XBRL UK releases UK Banking taxonomy
XBRL UK has released a UK Banking taxonomy to support reporting in XBRL by financial organisations filing under IFRS regulations. The UK-Banking taxonomy is an extension to the main UK-IFRS taxonomy. It is available from the XBRL UK Taxonomies page, which can be accessed through the above link. The Banking taxonomy provides a presentation view of the taxonomy tailored to the needs of banking and finance companies. Content required specifically for banking and finance has been added to the main UK-IFRS taxonomy, which is re-released with this expanded content. The Banking taxonomy is at final draft stage and comments on the taxonomy are invited from potential users, implementers and other interested parties. We plan to release a final version of the taxonomy around the end of January. The taxonomy covers regulations published upto 2009-09-01 and formally carries this date. Feedback should be directed to uktech@xbrl.org. For further information, please see the release note published with the taxonomy files.
XBRL UK releases new UK GAAP and UK-IFRS taxonomies
XBRL UK has released new versions of the UK GAAP and UK-IFRS taxonomies. These are intended to support financial reporting by ordinary UK commercial and industrial companies in XBRL. The taxonomies are final versions and are based on reporting regulations as announced by 2009-09-01. The taxonomies contain a range of content and technical enhancements to previous public working drafts, reflecting feedback from implementers, accounting reviewers and other users. The UK-IFRS taxonomy is an extension to the core taxonomy for IFRS regulations published by the International Accounting Standards Board. The UK extension adapts this to UK filing requirements. All constructive feedback on the taxonomies is very welcome. It should be directed to uktech@xbrl.org. For further information, please see the release notes published with the taxonomy files. Updated technical guidance on the use of the taxonomies will be published in the coming weeks.
XBRL UK releases UK-IFRS taxonomy
XBRL UK has released a first version of the UK-IFRS taxonomy which will provide a basis for UK listed companies to report their financial data in XBRL. The taxonomy set, formally dated 2009-06-15, is intended for trial implementation and public review. A limited amount of amendment and addition to the taxonomy over the coming weeks is expected in the light of comments received during the review period. A final version of the taxonomy will be published following completion of this period. This is likely to be within three months, but the exact timing will depend on the feedback received. The main design and content of the taxonomy is not expected to change substantially, so the published version already serves as suitable basis for initial implementation work and trial use. All constructive feedback on the taxonomy is very welcome. It should be directed to uktech@xbrl.org. For further information, please see the release note published with the taxonomy files.
XBRL UK releases XBRL sample reports and other guidance
XBRL UK has released a set of samples of financial data in XBRL format. These show the use of XBRL in practice and illustrate the key content and features of the UK GAAP taxonomy. It has also released a range of updated guidance documents to aid in the implementation of XBRL.
New version of UK GAAP taxonomy released
XBRL UK has released new versions of the UK GAAP and Common Data taxonomies for trial use and public review. The taxonomies will help all companies reporting under UK GAAP to publish their accounts in XBRL. Comments and suggestions for improving the taxonomies from all users and prospective users are very welcome.
XBRL UK releases technical guidance on use of XBRL
XBRL UK has released a set of documents to guide all who are considering using or implementing XBRL in the UK. The documents give an extensive description of the taxonomies which provide a basis for the use of XBRL. They range from a basic introduction for business readers to a more detailed description of content, features and implementation issues aimed at a technical audience.
UK Revenue receives first tax filings in XBRL
HM Revenue & Customs has begun receiving company tax filings in XBRL - the second UK agency to receive XBRL submissions.
UK plans to mandate XBRL will offer major benefits
UK government plans to make XBRL mandatory for filing of company accounts and tax returns will provide significant benefits for both government and business, the architect of reforms to UK tax filing told an XBRL conference in London. Lord Carter said the introduction of XBRL would lead to smarter government and would reduce costs, providing benefits for all.
UK plan for mandatory use of XBRL is "sensible and prudent"
Government proposal to require company tax filings in XBRL from 2010 gives time to ensure efficient implementation, says XBRL UK.
UK to make XBRL mandatory for company tax filings
The step, announced in the annual budget, will take effect from 2010 and is intended to bring cost savings to both taxpayers and state.
New UK Revenue service heralds broader use of XBRL in UK
The launch of a service for company tax filings in XBRL is a major step towards general regulatory filing of financial data in XBRL in the UK.
Reuters uses new format combining text and XBRL data
Reuters publishes results in a new format which embeds XBRL data in a viewable and printable document, using Corefiling technology.
Filing of accounts in XBRL begins in UK
Companies House has started receiving accounts in XBRL for audit exempt companies.
See Latest News for more headlines and fuller information
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KEY LINKS
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| • | | | | How XBRL works, its benefits and developments around the world. | | • | | | | International Accounting Standards Board website on XBRL. |
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