iXBRL takes off for Iris customers
Accounting software provider Iris has seen a surge in its customers filing in iXBRL
The number of accountants filing tax returns in the new iXBRL format using
Iris software has
dramatically increased.
In September 20,989 Iris customers using Accountancy Practice Solutions filed
in iXBRL format, out of 32,738 total Iris submissions. This represented a 34%
increase in Iris customer adoption for September compared with August.
Phill Robinson, managing director at IRIS APS, said: “iXBRL compliance is
something accountants need to address as far ahead of the deadline as possible.
It’s essential they take a proactive stance with their software supplier to
ensure the transition is smooth and transparent for themselves and their
customers.”
HMRC mandated that all corporation tax submissions must be in iXBRL (inline
eXtensible Business Reporting Language) from 1 April 2011. iXBRL is human
readable tagging software that allows easier comparison of financial
information.
Further reading:
Budgets
soar to tackle iXBRL accounts
Accountants
not ready for iXBRL says CCH survey
Iris
launches online bookkeeping product for firms’ clients