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iXBRL and the Detailed Profit & Loss account

iXBRL and the Detailed Profit & Loss account

iXBRL and the Detailed Profit & Loss account

Irish Revenue requires certain companies to file iXBRL financial statements as part of their Corporation Tax return. 

For several years now, it has been a mandatory Revenue requirement to include a Detailed Profit & Loss account within the iXBRL financial statements.  KPMG’s Linda Sidebottom and Paul Braden provide a refresher on Revenue’s iXBRL requirements.

Read the article in full below: 

This article was originally published in tax.point by Chartered Accountants Ireland and has been republished here with their kind permission.

How KPMG can help

Our team of experts have developed a suite of iXBRL solutions to help businesses meet their compliance requirements in an easy and cost-effective manner.

KPMG’s iXBRL centre of excellence, with a local unit based in Belfast, converts thousands of financial statements annually using our XBRL Mapping Engine (XME) for submission to Irish Revenue & UK HMRC.

With KPMG, you can have confidence that you’re partnering with the best iXBRL team in the market, with unrivalled experience, insight and commitment.

To find out more about the work we do and how we can help you – get in touch today. We look forward to hearing from you.

Contact us

John Poole
+44 289 089 3854

Linda Sidebottom
+44 289 089 3786

Paul Braden
Associate Director
+44 289 089 3807