CT1 Filing
CT1 Filing
iXBRL Tagging for CT1 Filing
Companies required to prepare accounts under the Companies Act 2014 must submit financial statements to Revenue in iXBRL format along with their Corporation Tax Returns. Revenue mandated the iXBRL submission in phases, with Phase 1 and 2 already commissioned, further phases are expected to be mandated in near future for all corporation taxpayers.
Seamless iXBRL Tagging Services for CT1 Filing
Quick, high-end, steadfast iXBRL managed tagging services for HMRC in the UK. Leave it to our experts and live at peace.
DataTracks iXBRL Services: a Glance
- One of the first to be recognised by ROI as iXBRL managed tagging service providers
- Servicing Top Irish Companies & accounting firms
- Carried out by our own team of financial experts
- 450,000+ tagged outputs delivered for filing with global regulators
iXBRL services for accounting firms
Accounting Firms
We grasp the escalating significance of your firm offering specialist accounting advice in today’s dynamic landscape. Leveraging our iXBRL tagging services ensures that expert accounting guidance and regulatory reporting support are at your fingertips. This not only empowers your business to adeptly navigate iXBRL requirements and adapt to new demands but also sets the stage for broader success.
Accounting firms may face challenging and complex issues arising from regulatory reporting requirements which could be due to any of the following or many more reasons such as
- Piling pressure during peak filing times
- Intricacies associated with accounts production software
- Managing an in-house team
- Deal with complex files
DataTracks are one of the first managed tagging services provider. We have partnered with over 600 accounting firms in the UK and Ireland.
Featured Content
What is iXBRL?
iXBRL (Inline XBRL) allows financial statements to be human-readable and machine-readable, enabling accurate electronic filings with Revenue Ireland.
Who is required to file in iXBRL format with Revenue Ireland?
Companies submitting Corporation Tax returns (Form CT1) must file financial statements and tax computations in iXBRL format.
What are the benefits of using iXBRL for filing with Revenue Ireland?
- Accuracy : Minimizes errors.
- Efficiency : Simplifies electronic submissions.
- Transparency : Ensures clarity.
- Compliance : Meets Revenue standards.
How can DataTracks assist with iXBRL conversion and CT1 preparation?
DataTracks provides expert tagging, validation, and comprehensive filing support.
What is the typical turnaround time for iXBRL conversion services?
Typically ranges from a few days to a week, depending on complexity.