DataTracks UK Crosses Landmark of 1,000 Financial Statements in iXBRL Format in the UK

London, 30 Sep 2011:

DataTracks UK crosses an important landmark of 1,000 financial statements in iXBRL format for filing with HMRC in the United Kingdom.

DataTracks UK launched its service of preparing financial statements and tax computations in iXBRL format for filing with Her Majesty’s Revenue and Customs (HMRC, the tax regulator) in the United Kingdom in April 2011. All companies, public and private, in the UK are required to file their financial statements and tax computations (that go in as attachments to the corporation tax return) in iXBRL format effective 1 April 2011. DataTracks offers a turnkey online service for iXBRL tagging service where users can set up accounts, upload inputs for conversion, and download outputs directly from the DataTracks website

Financial Statements in iXBRL Format

DataTracks UK is one of the first vendors recognized by Her Majesty’s Revenue and Customs (HMRC) to provide conversion services for preparation of financial statements in iXBRL format. With a dedicated Account Manager based in London, DataTracks UK helps clients through the entire process. DataTracks UK has been preparing regulatory filings to a very high level of accuracy and with very fast turnaround for high volumes of work.

“Our years of experience preparing EDGAR/XBRL filings for more than 2500 companies in the United Sates, has given us the expertise to offer iXBRL conversion services in the UK with exceptional accuracy, efficiency, and reliability. DataTracks is now one of the top service providers in the UK offering iXBRL conversion services on a pay-as-you-go delivery model. The easy-to-use portal and very affordable prices deliver exceptional value” commented Sandeep John, Business Manager, DataTracks UK.

“We are providing iXBRL conversion services in the UK since April this year and within a few months user registrations at our website have substantially increased, reflecting the rapid and growing acceptance of our unique delivery model. Crossing the landmark of 1,000 financial statements only reaffirms the value we bring to our customers” he added.

About DataTracks UK: DataTracks UK (operating as DTracks Limited in the UK) is part of DataTracks Global, leaders worldwide in preparation of financial statements in XBRL and iXBRL formats for filing with regulators. DataTracks Global have prepared more than 60,000 statements (in ASCII, HTML and XBRL formats) worldwide in the last five years. DataTracks Global is a unit of TaurusQuest (www.taurusquest.com).

Website: www.datatracks.co.uk

Media contact: T R Santhanakrishnan, trs@datatracks.co.uk