Answer 3 questions. We'll recommend the exact FRC taxonomy version for your January 2025 filing.
| Entity Type | Framework | Taxonomy File | Our Usage |
|---|---|---|---|
| Limited Company (Small) | FRS 102 Section 1A | uk-gaap-frs-102-1a-2024-01-01.xsd |
45% |
| Limited Company (Micro) | FRS 105 | uk-gaap-frs-105-2024-01-01.xsd |
30% |
| Limited Company (Full) | FRS 102 Full | uk-gaap-frs-102-2024-01-01.xsd |
18% |
| LLP | LLP adaptation | uk-gaap-frs-102-llp-2024-01-01.xsd |
4% |
| Charity | Charities SORP | uk-gaap-frs-102-charities-2024-01-01.xsd |
3% |
FRC updates taxonomies annually (January release). Using the wrong version can cause HMRC rejection. We auto-detect your accounting period end and apply the correct year's taxonomy.
uk-gaap-frs-102-1a-2024-01-01.xsd
First year adopting FRS 102? Restated prior year? We check if transition disclosures require specific taxonomy elements.
Parent filing consolidated? Subsidiary claiming exemption? Mixed group (some IFRS, some FRS 102)? Each entity needs correct taxonomy.
Foreign branch or subsidiary? Foreign currency presentation? Taxonomy supports multi-currency but tagging gets complex.
Charitable company (CLG or CIC)? Must apply both Companies Act AND Charities SORP. Specific taxonomy variant required.
FCA-regulated firm? Bank, insurer, pension scheme? Standard FRC taxonomy but additional FCA NSM/ESEF requirements apply.
Accounting period <12 months (incorporation) or >12 months (change of year-end)? Taxonomy supports it but tags differently.
HMRC Gateway will reject the filing. You'll see error "Taxonomy mismatch for entity type" or similar. We catch this pre-submission via validation. If we do miss it (rare), we refile at no cost—covered by our accuracy guarantee.
Yes, but we'll flag it with a warning. Example: We detect FRS 102 full but you insist on 1A. We'll ask you to confirm in writing (email) and note the override in our records. If HMRC rejects, refile cost is on you (not us).
Example: Year-end Dec 31, 2024 but filing in Feb 2025 (after Jan 2025 taxonomy released). HMRC accepts either 2024-01-01 or 2025-01-01 version for ~6 months overlap. We use the version valid at your year-end date unless you request otherwise.
Rarely needed for UK statutory filing (FRC taxonomy is comprehensive). If you have truly unique disclosure not covered by standard elements, we can create extension tags—but this requires FCA/HMRC pre-approval and costs extra (£500-2000 depending on complexity). Contact us for feasibility assessment.
Upload accounts → Get instant taxonomy recommendation → Proceed to tagging. 99.9% accuracy rate.
Upload Now See Pricing