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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.