Technology: The X Factor

The transition to iXBRL is about more than just software and systems, finds Lesley Meall

During 2010 accountants have faced an onslaught of information related to the impending transition to mandatory electronic filing of corporation tax (CT) using the eXtensible Business Reporting Language XBRL – or rather, the HM Revenue & Customs variant, iXBRL. Much of it has related to software and systems and services and it’s not hard to understand why. After all, meeting the new iXBRL CT e-filing requirements will not be possible without the support of software and services that have been specially designed or modified for the purpose.

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