IXBRL, what does it change for me?
I have been trawling the web for answers but I am still a bit in the dark on IXBRL.
I have a limited company that doesn't have a lot of activity at all, just some very simple income and costs is all what's in the accounts.
Every year I do the webfiling and I submit a paper version of my accounts to HMRC.
Now the new IXBRL thing comes in and: http://www.hmrc.gov.uk/ct/ct-online/file-return/xbrl-guide.pdf this guide is not very clear in my opinion.
Can somebody maybe explain in bulletpoints:
- If I can use the free software by HMRC to file accounts?
- Is there any reason for me to buy any software to be compliant with the iXBRL standard?
- Can an owner hold company money 301 6
- Account and Taxable Profit 289 17
- Accounting for corporation tax 208 6
- Class 2 NIC 260 5
- Probate services 427 9
- Is self-employment "another job" for PAYE 380 7
- Is Xero payroll as rubbish as I suspect it is? 1,704 37
- Vat payable on van 143 1
- Bookkeeping Rate of Pay 2,829 42
- Invoices raised after company dissolution 242 7
- Community Faux Pas 931 26
- Cash gift from India 135 1
- Is cloud accounting actually pretty pants? 2,309 40
- Windows10 187 4
- Taxi Drivers Cost of Sale 624 24
- Digita Accounts Production Advanced - general perception 474 25
- A thursday afternoon muse 237 2
- Barrister "M25 Patch"? 392 6
- Is HMRC Basic Tools basically wrong? 872 5
- Unusual marketing methods for accountants 797 14
- ACCA Shenanigans subject of EDM 835
- Benchmark accounting software 691
- Members in Public Practice 515
- Sole trader registering for the first time 328
- Oplex Careers CPD 321
- What are HMRC implying? 305
- VAT 257
- My own & spouse's Irish returns & ROS 248
- Payroll manager and the cloud 218
- Is the APN valid 196