Information Technology
DataTracks Introduces Multi-Target Document Capability for UKSEF in its Rainbow Software
With the UKSEF Multi Target Document method, companies can tag their financial information using both the ESEF taxonomy (for FCA) and the FRC taxonomy (for Companies House). When ESEF is the primary target document, the FRC serves as the secondary target document.
The FRC tags in the UKSEF Multi Target Document include specific target attributes that make it easy for regulators to identify and validate data. This helps maintain accuracy and meet both FCA and Companies House standards.
Companies House has updated its systems to accept UKSEF Multi Target Document files and has increased the file size limit to 300 MB. They have also provided guidance on which tags to use, making it easier for businesses to submit accurate reports.
For 19 years, DataTracks has successfully provided compliance reporting products and services to companies worldwide. The experts at DataTracks help companies convert their financial statements to XBRL, iXBRL, HTML, XHTML, and XML formats. They also offer various other regulatory solutions, such as AIFMD, FATCA, Solvency II, ESG, CESOP, CRD IV, and MiFID II, to help EU-listed companies meet compliance requirements with regulators like ESMA, EIOPA, EBA, etc.
With over 400,000 compliance reports prepared for more than 28,000 clients in 26 countries, DataTracks is a trusted partner for accurate ESEF and HMRC reporting. For more details, visit https://www.datatracks.com/eu/ .
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