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?
- The return of George A? 9 1
- Dividends & S455 83 2
- Trustee in Bankruptcy 225 6
- How long do legal aid take to pay? 189 2
- Transfer of shares to ultimate controlling party 103 7
- Audit and paypal balances 97 4
- Professional Qualification 437 7
- Missing C79 95 4
- Buying fees 567 4
- Tiwan contractor 52 2
- NI Contributions in order to claim state pension 331 8
- IHT Query 360 7
- Payroll handover information 109 2
- National Insurance Contributions 268 6
- Freehold Property Depreciation 194 9
- Jointly owned property 152 3
- Tax relief for backdated pension contributions 440 14
- A very basic T9 or T0 Question... 306 6
- Unpaid Fee's 695 11
- SA302s - Lenders to accept non hmrc copies 983 18
- Possible Partnership? 539
- Lunatics in charge of the asylum - Bluestone 535
- Tax and accounting treatment on long lease granted from freehold 473
- New Fangled Penalties 336
- Clubs and Taxable Income 280
- Purchase of property freehold - capitalisation of costs 266
- Loans to other companies 210
- Closed PAYE schemes and auto enrolment 197
- Lenovo – Superfish & Komodia – is your PC vulnerable 168
- Outsource Data Entry 163