iXBRL centre

Welcome to the iXBRL centre

Here you will find in one dedicated place all the information on iXBRL as published previously in Chartered Accountants Tax eNews and links to other relevant iXBRL information sources. Contact us at xbrl@charteredaccountants.ie

Latest iXBRL news

Tax

From 1 August 2018, some taxonomies (the codes used in iXBRL to identify accounts items when submitting accounts) will no longer be accepted by Revenue.  In addition, Revenue are making the use of the updated DPL (Detailed Profit and Loss) taxonomy mandatory.  Details of these restrictions and the mandatory use of the updated DPL taxonomy were flagged back in Chartered Tax News in May.  We also reported that section 110 companies will be obliged to use the updated DPL with either the FRS 101, 102 or EU IFRS taxonomies for their iXBRL submissions for accounting periods from 1 August.  You can read more on iXBRL and the changes from 1 August on our iXBRL webcentre.  

Jul 23, 2018
iXBRL

From 1 August 2018, Revenue’s updated Detailed Profit and Loss (DPL) taxonomy must be used for all iXBRL submissions relating to accounting periods ending on or after 1 January 2015.  Also from 1 August 2018 Revenue will restrict the use of the IE GAAP and IE IFRS taxonomies.   Section 110 companies are also subject to the mandatory use of the DPL taxonomy and restriction.  Per eBrief No. 80/18, Revenue will now accept submissions of iXBRL returns which have been tagged using the updated DPL taxonomy.   The updated DPL taxonomy is for use with the Irish-extension taxonomies for FRS 101, FRS 102 and EU IFRS.   Use of the updated DPL taxonomy will be mandatory for all iXBRL submissions from 1 August 2018 where the accounting period ends on or after 1 January 2015. Also from 1 August 2018, the FRS 101, FRS 102 or EU IFRS taxonomy must be used for iXBRL submission for accounting periods ending on or after 1 January 2015.   This is because Revenue will restrict the use of the IE GAAP and IE IFRS taxonomies for all iXBRL submissions to accounting periods ended on or before 31 December 2014.  This restriction is published in Revenue’s iXBRL FAQs (page 19).  Section 110 companies who prepare their corporation tax returns on the basis of single entity accounts prepared under ‘Old Irish GAAP’ would generally use the IE GAAP taxonomy to tag their accounts.   However such companies will be obliged to use the updated DPL with either the FRS 101, 102 or EU IFRS taxonomies for their iXBRL submissions for accounting periods from 1 August 2018.  Following engagement with Revenue at TALC Revenue have confirmed that this will not constitute an election to file returns on the basis of single entity IFRS Financial Statements or modified Irish GAAP.   Such confirmation is published in Revenue’s iXBRL FAQS (page 21). Revenue have amended their following related iXBRL guidance as a result of the above changes: Tax and Duty Manual 41A-03-01   iXBRL FAQs  iXBRL FAQs change doc v1.8 Error Messages Technical Note Style Guide  

May 08, 2018
Tax RoI

Revenue are currently examining options for the provision of a Detailed Profit and Loss (DPL) taxonomy for use with the Irish taxonomies for FRS 101, FRS 102 and EU IFRS. In the meantime, Revenue have confirmed to us that they will accept DPL information, for which there is no appropriate tag available, where the information is tagged using certain typed dimension tags.  If you were previously using the IE GAAP taxonomy, in the absence of a specific tag, you may have used tuple tags (group tags) when tagging the DPL. The taxonomies for reporting under FRS101, FRS102 and EU IFRS do not contain such group tags; rather the advice from Revenue is that typed dimension tags or “further” tags should be used as follows: Further item of operating income/gain [income statement item, component of operating profit (loss)]; Further item of operating expense/loss [income statement item, component of operating profit (loss)]; and Further item of non-operating gain (loss) before tax [income statement item, component of profit or loss before tax]. We will keep you informed of any updates on a specific DPL taxonomy.  Further information on iXBRL filing and tagging accounts is available on our iXBRL webcentre.  

Jul 24, 2017