CCH iXBRL Review & Tag

From April 2011, all company accounts filed online with HMRC have had to be in iXBRL format. If your clients prepare their own accounts using Microsoft Word or Excel, you’ll have to find some way of submitting these in iXBRL format when you file their tax return.

CCH iXBRL Review & Tag allows you to convert accounts produced in Word or Excel to iXBRL. The tagging progress is very simple to follow and the automated allocation of tags significantly reduces the time required to complete the process.

  • Automation – The system automatically allocates tags based on an extensible dictionary, providing a very efficient review function with auto learning to refine the automation to match your terminology.
  • Simple to use – Just drag a tag from the hierarchical list of tags and drop it onto the appropriate paragraph, word, number or date. The software requires very little training, so you can be up and running almost immediately.
  • Comprehensive – Supports all published taxonomies, including IFRS and GAAP, but you can also load sector-specific taxonomies and extensions, for example for banking, insurance and charities. The software displays either the full list of tags or HMRC’s ‘minimum tagging list’, designed to simplify tagging during the transition period.
  • Reliable – The system constantly monitors the document and tags applied to check the technical validity of tags and how they’ve been applied, thereby reducing the possibility of filing errors. The Exception panel lists key tags that are missing or incorrect.
  • Keep existing procedures – Clients can carry on providing accounts in Microsoft Word or Excel, using the internal systems they’re already familiar with.
  • Flexible – Produces a standard iXBRL accounts file that can be filed online using CCH Corporation Tax or third-party software, including HMRC’s own free system, so you’re not tied to a particular supplier.
  • Secure – No need to send client accounts data to a third party for processing.

Download our Helpful Guide to iXBRL Rejections & Resolutions and accompanying Taxonomy

Software product information

To find out more about the software and training that we offer, enquire about costs etc, please contact us on cchsoftwaresales@wolterskluwer.co.uk or contact CCH Sales team on 0844 561 8181 (option 1)