Rachael Singh, Accountancy Age, Friday 24 September 2010 at 15:12:00

Online software business Twinfield has released a version of iXBRL that usesUK and foreign tagging languages


An international version of a computer tax code has been released by onlinesoftware suppliers Twinfield.

HMRC mandated from 1 April 2011 all corporation tax must be filed using acomputer tagging language known as iXBRL (in-line eXtensible Business ReportingLanguage), which is hoped to make comparing financial information easier.

The IT business created an international version which is able to readforeign tagging language as well as UK versions.

Mark Davies, UK country manger of Twinfield, said: "As part of the iXBRLmodule, accountants and their clients can access an online Accountant's Portalto aid in compiling reports?Once a report has been compiled and approved, it canbe sent digitally to the relevant body or organisation.?

The iXBRL module will be launched at the ICAEW implementing XBRL roadshow on1 October.

Further reading:

Accountantsnot ready for iXBRL says CCH survey

iXBRL:ready or not, here it comes

HMRCwarns accountants to prepare for XBRL