The group includes the Financial Reporting Council, HMRC, Companies House, the Financial Conduct Authority and Charity Commission.

The key issues cover the scope and extent of digital reporting requirements; assurance of digital reports; developments in XBRL taxonomies; and guidance needed by users.

This is particularly important after the UK left the EU as UK regulators can no longer influence the development of the European Single Electronic Format (ESEF) taxonomy but UK companies have to follow this framework.