How to ‘tag’ charity accounts for filing and analysis

A consultation has started on the first step towards enabling charities to file digital accounts, which will also make charity data more accessible. This is on the ‘tagging’ of charity accounts for electronic filing and for other analytical purposes – creating a useful taxonomy.

The consultation is being run by regulatory bodies the Charity Commission  and the Financial Reporting Council.

Official news release or go direct to the consultation pages. This impact on charities in the UK and Ireland. Responses by 8th December – Charity Finance Group is due to run a connected event shortly (21st October).