Friday, July 03, 2009

UK Tax Service Going to Compulsory XBRL filing

Effective with year ends of March 31, 2010, Corporate tax returns in the UK will be required to file online using XBRL. The service is putting the final touches on its requirements, and new legislation and regulations have been introduced. The drafts are on the website of Her Majesty's Revenue and Customs and on this website of Accounting Education. It's a good model for Canada to pursue.

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