Submitting financial statements in iXBRL
Who must submit financial statements in iXBRL?
iXBRL financial statements must be submitted for accounting periods ending on, or after, 31 December 2012 where taxpayers are managed in:
- Large Corporates Division
- or
- High Wealth and Financial Services Division.
S.110 Special Purpose Vehicles must submit iXBRL financial statements for accounting periods ending on, or after, 31 July 2013.
All other Corporation Tax filers must submit iXBRL financial statements for accounting periods ending on, or after, 31 December 2013 unless their:
- total assets, without deduction of liabilities, are less than €4.4 million
- turnover is less than €8.8 million
- and
- average number of employees is 50 or fewer.
The Submission of iXBRL Financial Statements with Corporation Tax Returns manual contains information on other circumstances in which a company may not submit iXBRL financial statements.
Companies and sole traders who have no obligation to submit iXBRL financial statements may do so voluntarily.
Next: How to file and what to include