The Revenue Commissioners require mandatory filing of iXBRL Financial Statements for Corporation Tax payers over a staged period.
Phase 1 – Corporation tax returns submitted to Revenue on or after 1 October 2013, in respect of accounting periods ended on or after 31/12/2012. Phase 1 only applied to cases dealt with in Large Cases Division (LCD) within the Revenue Commissioners.
Phase 2 – All Corporation Tax Payers other than those that meet all of the following criteria:
(Phase 2 applies to Corporation Tax returns submitted on or after 01/10/2014 in respect of accounting periods ended on or after 31/12/2013.
Phase 3 – All remaining Corporation Tax payers (it is expected by Revenue to commence this in 2015).
Please note that any companies not yet subject to compulsory iXBRL filing are encouraged by Revenue to do so on an optional basis in order to ensure that they are fully prepared for mandatory filing.
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