Related Topics
You may also need to know these:
Request a call back
Have any questions, submit this form.
What is required to be filed?
Filing of Financial Statements in XBRL mode
XBRL instance document is required to be prepared as per various Revenue Taxonomies. Revenue has mandated the full tagging of Financial Statements. Accordingly, major components of Financial Statements are noted below:
- Statement of Financial Position (Balance Sheet)
- Statement of Profit or Loss and Other Comprehensive Income
- Statement of Cash Flows
- Schedules & Notes to Balance Sheet and Profit and Loss Statement
- Detailed Profit or Loss account
- Statement of Change in Equity
- Audit Report with annexures thereto
- Director or Board Report with annexures thereto
Apart from above, there are various other details/documents which are required for XBRL filing. Please fill up the Contact form so that we can send you the complete checklist for XBRL filing.
As iXBRL filers do not complete the CT1 “Extracts from Accounts”, they must tag some mandatory items in their iXBRL submissions. These mandatory items (in table below) are for submissions that use the following taxonomies:
- FRS 101 + DPL
- FRS 102 + DPL
- EU IFRS + DPL.
Mandatory item tags
CT1 Mandatory Item | iXBRL Mandatory Item | Taxonomy |
Sales / Receipts / Turnover | DPLTurnoverRevenue | DPL |
Receipts from Government Agencies – GMS, etc. | DPLGovernmentGrantIncome | DPL |
Other Income | DPLOtherOperatingIncome | DPL |
Gross Trading Profits | DPLGrossProfitLoss | DPL |
Salaries / Wages, Staff Costs | DPLStaffCostsEmployeeBenefitsExpense | DPL |
Sub-contractors | DPLSubcontractorCosts | DPL |
Profit (loss) on ordinary activities before taxation | DPLProfitLossBeforeTax | DPL |
Shareholder’s Funds | Equity | FRS/IFRS |
Minimum Content and Tagging Requirement:
The following guide will assist in determining the minimum content and tagging in iXBRL returns required by Revenue:
Form CT1 Filer- Company Category | Auditors Report | Directors Report | Detailed Profit or Loss | Balance Sheet | Disclosure Notes |
Preparation and publication of financial statements required under (ROI) Companies Act (CA)- subject to CA Statutory Audit | Yes | Yes | Yes | Yes | Yes |
Preparation and publication of financial statements required under (ROI) Companies Act (CA) – not subject to CA Statutory Audit |
| Yes | Yes | Yes | Yes |
Preparation and publication of financial statements required under (ROI) legislation other than the Companies Act (e.g. Industrial and Provident Societies Acts 1893-2014) | Yes – if applicable | Yes – if applicable | Yes | Yes | Yes – if applicable |
Tax Resident in ROI – not required to prepare and publish Financial Statements under legislation in country of incorporation or in ROI. |
|
| Yes | Yes |
|
Tax Resident in ROI – Preparation and publication of Financial Statements required under legislation in another jurisdiction (e.g. UK incorporated company bound by the UK Companies Act) | Yes – if applicable | Yes – if applicable | Yes | Yes | Yes – if applicable |
Not Tax Resident in ROI – Operating a Branch or Agency in ROI |
|
| Yes | Yes – if applicable |
|
Group Holding Company (Consolidated Financial Statements prepared and published) |
|
| Yes | Yes |
|