We make XBRL reporting simple
Minimal workflow impact
Our processes are meant to be easy and effective while minimising your workload.
- Continue using InDesign, Word and Excel
- Always room for last minute changes
- Unlimited conversions
Automatic taxonomy updating and remapping
We do the complex mapping and tagging work of your report for you!
- Access to the latest taxonomies & industry best practices
- Mapping & tagging performed by experts
- No prior XBRL knowledge is necessary
Cloud-based service
Gain flexibility and avoid tedious tasks such as installing local software, worrying about updates, or maintaining servers.
- Automatic updates
- Access 24/7
- Secured – no data is stored
XBRL-certified review and consumption software
Our Inspector tool has been certified as Review and Consumption software by XBRL International.
- Generate validation reports
- Review of validation reports, fact lists, and linkbases
One platform - multiple solutions
ESEF regulatory disclosure solutions for your needs.
Publicly listed companies on EU regulated markets are required to use ESEF when filing their annual financial reports.
The format has been mandated by the ESMA as part of the Transparency Directive. This means that issuers are required to produce their annual financial report in iXBRL, which makes it both human- and machine-readable.
Convert to ESEF
Convert and inspect your financial report to iXBRL using the most recent ESEF taxonomy.
- Mapping and tagging done by experts using best practices
- Access to the latest ESEF taxonomy
- Always room for last minute changes
- No prior XBRL knowledge is necessary
Inspect your ESEF files
View and validate the technical core of your iXBRL files using all-in-one validation tool.
- Quick and easy location of errors/issues
- Compare different versions of your ESEF files
- Review validation reports, fact lists and linkbases
UKSEF compliance for your needs
UKSEF refers to the single electronic format released by the UK, which is a variant of ESEF.
The UKSEF taxonomy is an expansion of the ESEF taxonomy and is aligned with the FCA and Companies House filing requirements.
It requires main-market listed companies to tag their financial information following the UKSEF taxonomy.
Convert to UKSEF
- Access to best-practice tagging done by experts
- No XBRL experience is necessary
- Unlimited conversions until the last minute
- Always up-to-date taxonomy
Inspect your UKSEF files
Review and check the technical internals of any UKSEF files quickly and easily.
- Review the technical and visual parts of your report together
- Identify and highlight errors with the push of a button
- Compare and review changes in different versions of your iXBRL files
Regulatory conformity for local GAAP reporting
Local GAAP means Generally Accepted Accounting Principles applicable.
Which in essence is a combination of accounting principles, standards, and procedures that companies must follow when compiling their financial statements in different countries.
Convert to XBRL using local GAAP
Use local GAAP standards to convert and inspect your financial information into XBRL format.
- Expert mapping and tagging utilising industry best practices
- Last-minute revisions are always possible
- No previous XBRL experience is required
- Access to a number of local GAAP taxonomies – DK GAAP, NL GAAP, IT GAAP.
Inspect XBRL files against local GAAP taxonomies
View and validate the technical parts of any XBRL files.
- Locate potential blocking errors quickly and easily
- Compare distinct XBRL file versions to spot changes
- Examine validation reports, fact lists, and link databases.
EBA XBRL solutions for your reporting needs
XBRL reporting for banking institutions, investment firms and other financial institutions operating within the EU banking market.
For institutions subject to the European Banking Authority’s laws and regulations.
Convert to XBRL using EBA standards
Use CRD IV standards to prepare and check your financial data into XBRL format.
- Access to excel templates with fixed schemas for all EBA scenarios
- Mapping and tagging performed by our experts applying best practises
- XBRL knowledge is not required
EIOPA XBRL solutions for your reporting needs
EIOPA is an acronym that stands for European Insurance and Occupational Pensions Authority.
It is a financial regulatory entity at the core of insurance and pensions supervision, with the primary mission of ensuring market openness and financial product transparency in Europe.
EIOPA employs the Solvency II risk-based capital regulation, which imposes strong reporting and transparency requirements on insurers.
Convert to XBRL using EIOPA standards
Prepare and validate your financial data in XBRL format using Solvency II requirements.
- Mapping and tagging done by experts using best practices
- Access to excel templates with preset schemas for all EIOPA instances
- Prior XBRL knowledge is not required
xHTML solutions for your needs
Convert to xHTML
Convert and inspect your stand-alone accounts to xHTML.
- Quick and easy process
- No workflow impact
- Always room for last minute changes
Inspect an xHTML file
Technical xHTML review and validation.
- Review of the visual appearance of the report
- xHTML validation with technical standards
Start your ESG journey with us!
Be among the first to convert, review, and submit your sustainability data in ESG format utilising CSRD standards, and comply with EU sustainability rules.
Give stakeholders and investors an insight into your company’s objectives, achievements, and impact on the environment, society, and corporate governance.
Are you interested in multiple taxonomies?
Why choose ParsePort
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all over Europe
within ParsePort
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iXBRL tagging for UK HRMC
iXBRL was first introduced in the UK in 2010 by Her Majesty's Revenue & Customs (HMRC) and Companies House.
The difference between iXBRL for HMRC and iXBRL for ESEF
The iXBRL format is required for both HMRC and ESEF reporting. However, iXBRL reporting for submission to HMRC is distinct and separate from iXBRL for ESEF.
iXBRL for HMRC
- HMRC refers to the UK GAAP taxonomy where businesses in the UK are required to submit financial statements in iXBRL format to HMRC as part of their Corporation Tax return.
- A single iXBRL-format file is required by HMRC. Custom elements are not permitted.
- iXBRL reporting to HMRC is a requirement for all businesses in the UK, from small to large.
iXBRL for UKSEF
- ESEF is a new and distinct taxonomy based on the IFRS taxonomy, which in the United Kingdom is known as UKSEF. In the UK, the Financial Conduct Authority (FCA) is responsible for adopting ESEF and establishing any UK-specific regulations. The FCA has collaborated with Companies House and HMRC to develop an UKSEF taxonomy that enables the filing of ESEF-tagged accounts to the FCA’s national storage mechanism.
- ESEF requires the tagging of financial information such as the Income Statement, Balance Sheet, Cashflow statement and Statement of Changes in Equity (SOCIE), including (foot)notes. Custom elements are permitted in an ESEF report and must be anchored to existing elements in the taxonomy.
- ESEF solely applies to main-market listed companies in UK and requires them to prepare and submit their annual financial statements digitally in xHTML format, and tagged with machine-readable data (iXBRL). Non-consolidated statements must be presented in xHTML, and consolidated financial statements must be tagged using iXBRL.
Moving from ESEF to UKSEF
What is UKSEF?
UKSEF refers to the single electronic format released by the UK, which is a variant of ESEF. The UKSEF taxonomy is an expansion of the ESEF taxonomy and is aligned with the FCA and Companies House filing requirements. UKSEF filings, in comparison to the standard ESEF requirements, must include the following:
- Full Streamlined Energy and Carbon Reporting (SECR) disclosures
- Company registration number and expiration date
Moving to or adopting UKSEF should be a simple process for public companies listed in the United Kingdom. In addition to the above-listed additional requirements of UK regulators, the UKSEF taxonomy encompasses everything from the ESEF taxonomy.
When does UK ESEF apply?
The FCA in the United Kingdom has delayed the enforcement year for businesses to submit their Annual Financial Reports in ESEF. The new enforcement date was January 1, 2021.
This delay gives businesses more time to prepare for ESEF reporting (UKSEF reporting) and to become compliant with the new requirements.
Ready to see how simple UKSEF reporting can be?
Schedule a free UKSEF demo with one of our local experts to see how simple financial reporting can be.
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If you want to learn more about our XBRL software and solutions, talk to Sales to discuss your reporting needs and find the ParsePort solution that’s right for you.