XBRL stands for 'eXtensible Business Reporting Language', which is increasingly becoming the recognised standard format for electronic filing of financial information. Relevant text and numerical data is tagged so that it can be machine read.

CoreFiling invented inline XBRL (iXBRL) for HMRC to enable tax submissions to be processed by both computers and human reviewers using a single format.

iXBRL answers a key challenge facing finance professionals and regulators: how to provide a simple, non technical format for businesses to file financial information online, so that both parties have easy access to the same underlying information.