iXBRL UK – What Now and What’s Next?
The roadmap for Ireland’s Implementation.
Presentation 30th November 2011
With mandatory XBRL filing likely to be introduced by Revenue in 2013, the learnings from the recent UK (HMRC) implementation can prove very valuable for tax filers in Ireland. Presented by Business Reporting Ireland Ltd., the speakers, Jon D’Arcy, Partner KPMG Belfast and Albert Fleming, Partner, Tax Management Consulting, Deloitte UK relate their experiences of filing in iXBRL over the past eight months, what they envisage will happen in the future, and how this might impact filers in the future.
The event will was chaired by Richard Day, PwC Partner and Chair of BRIL, and consisted of the following presentations.
Preparation of iXBRL accounts for UK Corporation tax filing
iXBRL presentation Nov 30 2011 JD KPMG.pptx
Jon D’Arcy, Partner, KPMG
With regard to the requirement to file iXBRL financial statements with UK corporation tax returns, effectively from 31 March 2011, Jon will discuss the practical options open to companies, the most common solutions, the filing experience, some considerations for auditors and financial advisors, and last but definitely not least, the need for effective project planning.
About the Speaker
Jon D’Arcy, a partner in KPMG’s Belfast office, is in charge of KPMG’s team helping companies prepare/convert financial statements in iXBRL format. Jon has been a partner in KPMG for nearly 20 years and whilst he works predominantly with the firm’s clients in Northern Ireland, he also advises many of the GB subsidiaries of the KPMG’s Dublin clients.
Key Learnings from Implementation and Likely Next Developments?
iXBRL in the UK Deloitte.PPTX
Albert Fleming, Partner, Tax Management Consulting, Deloitte UK
HMRC introduced mandatory electronic filing of tax returns in the UK from 1st April 2011. We are now 8 months into the new regime and many taxpayers have successfully filed electronically, but the challenges raised by the new mandate have not all been easy to deal with for filers and software providers alike. In this session Albert will summarise the key learning points coming out of the UK experience and how the market has coped with the changes. He will also discuss “what’s next” from both the HMRC and taxpayers perspective.
About the speaker
Albert is a partner in the Tax Management Consulting group. He has over 18 years’ experience developing tax software. Albert led the Abacus software team at Deloitte and has advised many high profile clients on implementing tax technology solutions. Albert is the Tax Technology competency leader for Deloitte in Europe and has been extensively involved with the new e-filing requirements. Albert is a Chartered Tax Advisor and a member of the British Computer Society. Albert has an MSc in computer systems design and a BA (Mod) in Mathematics from Trinity College Dublin.
For more information please visit: www.xbrl-ie.org