Introduction of additional taxonomies in iXBRL –– FRS 101, FRS 102 and EU IFRS for submission of electronic financial statements

For certain Corporation Tax filers it is mandatory to file financial statements in iXBRL format. To date, filing of financial statements in iXBRL format was by reference to the GAAP and IFRS taxonomies accepted by Revenue. These taxonomies are available via the XBRL Ireland website. From the date of this eBrief, additional taxonomies (FRS 101, FRS 102 and EU IFRS with Irish extensions) are accepted by Revenue. These taxonomies have been published as Public Working Drafts on the XBRL Ireland website to allow for a period of consultation (see note below on consultation period & feedback)

The iXBRL Frequently Asked Questions page on the Revenue website has been updated to reflect the acceptance of the additional taxonomies.

A Change Document is available detailing the changes made.

Tax and Duty Manual Part 41a-03-01 has been updated to reflect the additional taxonomies accepted by Revenue.

Queries regarding this matter can be referred to Revenue’s dedicated helpdesk for iXBRL matters at iXBRL@revenue.ie or to the relevant local Revenue Office.

Consultation period and feedback

It should be noted that interested parties are invited to review the Public Working Drafts (PWD) for the three additional taxonomies and provide feedback by 28th February 2017. Further information on the consultation process and how to submit feedback is available on the Revenue webpage at Submission of Financial Statements in iXBRL under Consultation on Taxonomies.

16 December 2016