[Date Prev] | [Thread Prev] | [Thread Next] | [Date Next] -- [Date Index] | [Thread Index] | [List Home]
Subject: Re: [tax] Comments on XML Position Paper
On Tuesday 09 March 2004 11:47, Andy Greener wrote: > I'm also a little nervous about recommending XBRL wholesale as the > standard for tax reporting. It is certainly appropriate in the corporate > financial reporting world, and by extension therefore the corporate tax > reporting world, but I can think of a number of tax reporting scenarios > here in the UK for instance for which it would be less than ideal > (personal tax compliance information, payroll deduction and compliance > information for income tax and National Insurance, duty on property and > financial transactions, etc). I would like to support Andy's point here. XBRL is very well suited for corporate financial data and related tax and regulatory reporting - but much other tax data is transactional in nature and so there is a strong case for couching it in conventional XML. The widespread acceptance of XBRL is a huge step forward for the financial services industry but we must be careful not to oversell it. Regards -- Philip Allen, Chairman DecisionSoft Limited +44-1865-203192 http://www.decisionsoft.com
[Date Prev] | [Thread Prev] | [Thread Next] | [Date Next] -- [Date Index] | [Thread Index] | [List Home]