In September the UK tax authorities and the registrar of companies announced a common approach to the filing of company accounts online. In a move which Companies House claims will reduce potential administrative burdens on business, it has pledged to accept company accounts in a data format known as Inline XBRL (iXBRL). This is the format in which all company tax returns (CTRs) – including the return form, company accounts and tax computations – must be submitted to HM Revenue & Customs (HMRC) from April 2011.
