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Almost all UK businessess now have to use XBRL- EXtensible Business Reporting Language - when preparing their financial statements in order to file corporation tax returns to HMRC. Companies House is also encouraging organisations to use inline XBRL when lodging accounts with the registrar. It appears likely that the filing of accounts in Inline XBRL to Companies House will become mandatory in due course.
Providing clear guidance and annotated examples, Preparing Accounts in iXBRL: A Practical Guide details the different approaches business can take to prepare their financial information accurately and efficiently using XBRL, with minimum effort and uncertainty.
It covers important, topical issues, including:-