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VT Final Accounts

Navigation: iXBRL

Self-tagging

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The Generate iXBRL File feature can be used with any Excel workbook, but you will need to manually tag up the workbook beforehand (VT workbooks are pre-tagged). There are two buttons for available for this:

Set Tag (Easy) - this dialog shows the outline of a simple set of accounts or tax computation - just double click on the required item to insert a tag

Set Tag (Comprehensive) - this dialog lists all the tags available in the entire taxonomy and is suitable for tagging more unusual disclosures

Using the easy dialog, it is possible to tag up a simple set of accounts very quickly (more quickly than typing the data into another template, accounts production package or HMRC's on-line filing application).

The following taxonomies (list of tags) are supported for custom workbooks:

FRS 101

FRS 102 (Including FRS 105)

Full IFRS

old UK GAAP

UK Corporation Tax

tag

Example of a tagged cell

Set Tag (Easy) dialog

The VT workbooks are pre-tagged, but if you are tagging your own workbook then inserting a tag could not be simpler or quicker. Double click on a number or text in Excel to display the tagging dialog, and then double click on the matching cell in the dialog. No tag is required if an item does not have a yellow background. Absolutely no knowledge of XBRL is required.

A simple set of accounts can be tagged extremely quickly, especially given that there is currently no requirement to tag the detailed profit and loss account.

If you have an unusual disclosure that is not covered by the Easy dialog, you can use the Comprehensive dialog.

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The Set Tag (Easy) dialog for a set of accounts

A simple tax computation can also be tagged extremely quickly in the same manner.

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Set tag (Comprehensive) dialog

The VT workbooks are pre-tagged, but if you have added a less common disclosure or item then you can tag it using the Comprehensive dialog. This list all the tags in the taxonomy. If you are tagging your own workbooks, all typical items for a small company are covered by the Easy dialog.

settagcomp

The Set Tag (Comprehensive) dialog for a set of accounts

A simple tax computation can also be tagged extremely quickly in the same manner.

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The Set Tag (Comprehensive) dialog for a corporation tax computation

More details on self-tagging can be found in the Tagging Guide.