A short section as iXBRL beds in


iXBRL and detailed P & L accounts

Some commerical software does not iXBRL tag detailed P & L accounts. Software providers say that this is because a detailed P & L is not required in order to file full accounts under the provisions of the Companies Act. So detailed P & L tags are not included in the minimum version of the UK GAAP taxonomy.

Detailed P & L tags are included in the CT taxomomy, but you cannot mix and match taxonomies.

HMRC may expect a detailed P & L for Corporation Tax purposes and so companies that are affected by there software issues are expected to attempt to tag their accounts. To this end the detailed P & L will need to be part of the CT computation (if your software allows this).

If all else fails a P & L can be attached as a PDF. HMRC is opperating a soft landing for the next two years.

Further reading

See iXBRL: a guide for advisers

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