For accounting periods ended on, or after, 31 December 2013, customers filing Corporation Tax (CT) returns must submit financial statements through Inline eXtensible Business Reporting Language (iXBRL). Companies who meet all three of the below conditions do not have to file, but may choose to do so if their:
- Total assets, without deduction of liabilities, are less than €4.4 million
- Turnover is less than €8.8 million
- Company employs less than 50 employees.
Most small and medium companies meet all three of the above conditions and do not file iXBRL unless they have a specific reason for doing so.