The Alphatag application is designed to assist tax and finance departments with both the creation and management of tagged statutory account documents. The software enables you to fully tag iXBRL files, in-line with the latest taxonomies, ready for electronic filing to the HMRC.
The Alphatag solution supports documents created in both Word and Excel. The system then can quickly and efficiently convert them into an Alphatag format. Alphatag can tag the statutory accounts in the required FRS101, FRS102 or IFRS taxonomies and facilitates bank and charity extensions if applicable.
Alphatag has fully integrated and intelligent Data Dictionaries including a Global Dictionary facilitating a higher number of tags being picked up automatically for the new reporting standards, and User Dictionaries that are populated with tag values applied during the automatic tagging process. Once a document has been tagged automatically, you have the option to amend any numbers or apply manual tags to any remaining items. This coupled with our “tag once” technology enables manually amended tags to be saved and applied to any future tagging.
The Alphatag system encompasses many intelligent review features enabling you to review all tagged and un-tagged items within a document. Alphatag checks for and flags up any errors against HMRC’s validation rules allowing you to rectify them and avoid any e-Filing failures. A full audit trail is maintained throughout the tagging process.
All tagged accounts must be electronically filed using a recognised corporate tax software in accordance with HMRC. Our flagship software, Alphatax, is the preferred choice for e-Filing to the HMRC. This combined with Alphatag allows you to e-File your computations, CT600’s and tagged accounts through the government gateway seamlessly.