For periods ending on or after 1st April 2014, HMRC now require returns to include an XBRL Tagged Detailed Profit & Loss document. This information must be included in either the computation or statutory accounts.
As part of your e-Filing submission, the following attachments must be included:
- iXBRL Tax Computation
- iXBRL Statutory Accounts
- iXBRL DPL – as part of the Computation or Statutory Accounts
To help meet these new tagging requirements, Tax Computer Systems have developed an automated iXBRL tagging solution, Alphatag DPL. The Alphatag DPL application is a variant of our flagship tagging software, Alphatag, providing organisations with a robust tool for managing all their DPL tagging requirements.
Alphatag DPL is tightly integrated with Alphatax and allows users to import Word or Excel created Detailed Profit & Loss accounts into the computation. The system then converts the file into the correct format and automatically tags the relevant items into the appropriate iXBRL tags using the extensive custom dictionary.
Alphatag DPL is fully compliant with the following taxonomies:
- DPL for UK GAAP
- DPL for UK IFRS