Following communications with the Institute, Revenue has updated its FAQs for corporation tax filers who will submit electronic financial statements with their corporation tax returns.

The most notable change is the clarification for companies in voluntary liquidation where the net assets available for distribution do not exceed €25,000 and the company is compliant under tax and company law, a request for an exemption from iXBRL filing may be made. Such requests will be dealt with by Revenue on a case-by-case basis. The FAQs can be found on the Revenue website.

The Revenue Tax and Duty Manual has been updated and Revenue eBrief no. 86/16 on here contains further details.