Twinfield releases international iXBRL software
Online software business Twinfield has released a version of iXBRL that uses UK and foreign tagging languages
An international version of a computer tax code has been released by online
software suppliers Twinfield.
HMRC mandated from 1 April 2011 all corporation tax must be filed using a
computer tagging language known as iXBRL (in-line eXtensible Business Reporting
Language), which is hoped to make comparing financial information easier.
The IT business created an international version which is able to read
foreign tagging language as well as UK versions.
Mark Davies, UK country manger of Twinfield, said: “As part of the iXBRL
module, accountants and their clients can access an online Accountant’s Portal
to aid in compiling reports…Once a report has been compiled and approved, it can
be sent digitally to the relevant body or organisation.”
The iXBRL module will be launched at the ICAEW implementing XBRL roadshow on
1 October.
Further reading:
Accountants
not ready for iXBRL says CCH survey
iXBRL:
ready or not, here it comes
HMRC
warns accountants to prepare for XBRL