Revenue eBrief No. 142/23
13 June 2023
iXBRL - 2023 Taxonomies and new mandatory tag
Tax and Duty Manual Part 41A-03-01 has been updated: From 2 September 2023, Revenue will accept iXBRL submissions tagged with the FRC's 2023 Irish Extension Taxonomies. The EU IFRS taxonomy now contains tags for 'IFRS 17 - Insurance Contracts' and these should be used by entities who prepare their accounts in accordance with that standard.
Additionally, Revenue will require that all iXBRL submissions declare the functional / presentation currency of the financial statements using the 'PrincipalCurrencyUsedInBusinessReport' tag from 2 September 2023.