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Accountancy Age – Content Calendar

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    Iris in bloom over new tax filing standards

    Iris in bloom over new tax filing standards

    Iris makes iXBRL compliance a year early

    Author Writer Date published April 8, 2010 Categories

    Iris’ practice software modules are compliant with new tax filing standards,
    a year ahead of the deadline.

    Practice Suite, PTP and Drummohr Iris tax packages comply with iXBRL ahead of
    HM Revenue & Customs’ 31 March deadline for filing tax returns using the new
    format.

    Electronic tax filings will require “tagging” using iXBRL. Tagging financial
    data allows for easier compatibility between different companies’ information.

    “The transition to iXBRL is a cause of concern for many firms. However our
    first iXBRL tax computation filing experience with the new Iris software
    release, has given me a very welcome degree of reassurance that the process can
    be straightforward and painless,” said
    AC Mole &
    Sons     partner Paul Aplin.

    Further reading:

    iXBRL
    likened to Y2K

    Profession
    pans plan to postpone IFRS

    HMRC
    to allow electronic P60s

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