19/06/2026
A question for my fellow accountants: all the hullabaloo about companies needing to file full P&L data, but with an opt-out for small and micro businesses, which of course 99% of them will take.
A whole load of admin and red tape on all sides - but, as the full iBXRL is being filed to HMRC in any case, wouldn't it just be easier for Companies House and HMRC to just talk to each other and share the data they already hold?
There's no need for "available on the public record" and "being able to be read by Companies House" to be the same thing.
Am I missing something?