2021 FRC Taxonomy Suite
Published: 3 November 2023
2 minute read
The 2021 suite relates to the FRC’s Taxonomies: UK IFRS, FRS 101, FRS 102, SECR, UKSEF and Charities and contains taxonomy documentation (supporting documents, key information sheets and release notes). The 2021 suite of FRC Taxonomies was issued on 29 September 2020.
Download the 2021 FRC Taxonomy Suite
| Name | FRC 2021 Taxonomy v1.0.0 |
|---|---|
| Publication date | 7 October 2021 |
| Format | ZIP, 3.3 MB |
| Name | UKSEF 2021 v1.1.0 |
| Publication date | 7 October 2021 |
| Format | ZIP, 526.7 KB |
| Name | SECR Taxonomy v1.1.0 |
| Publication date | 7 October 2021 |
| Format | ZIP, 4.3 MB |
| Name | Charities Taxonomy 2021 |
| Publication date | 17 February 2023 |
| Type | Scheme and regulation |
| Format | ZIP, 997.5 KB |
Key changes to the 2021 Taxonomy Suite
1. Revised Accounts
As part of continued efforts to increase digital enablement of accounts, we have enabled revised accounts. Disruption arising from the COVID pandemic has increased the need for this facility and highlighted the extent of the benefit that this will bring.
2. Covid Issues
Additional income-related tags to cover the Coronavirus Jobs Retention Scheme (CJRS) and other Covid-related grants have been added.
3. Off Payroll Working
Additional tags have been added to cover revenue from off payroll working and off payroll working expenses. These new tags have been added for all entry-points (FRS 101, FRS 102, UK IFRS and Charities).
4. Pay Ratio Regulations
The Statutory Instrument ‘The Companies (Miscellaneous Reporting) Regulations 2018’ sets out requirements for the reporting of pay ratio information in the Directors’ Remuneration Report. All entry-points have been amended to cover these requirements.
5. SECR Reporting
The SECR Taxonomy introduced in 2019 supersedes the greenhouse gas emissions reporting items present in the Directors’ Report. These tags have been removed (not deprecated, to avoid confusion with the SECR reporting requirements).
In addition, SECR reporting is an additional requirement for (large) companies who may choose to report using UK SEF. Consequently, the SECR taxonomy has been incorporated into the UKSEF taxonomy extension for the convenience of filers. This avoids the complication of additional combined entry-points.
2021 Mapping files
The mapping documents are designed to enable software houses to easily identify the changes. Four colours are used with red denoting a deletion, green an addition, yellow a change to an existing line, and orange to indicate deprecated items. Two new columns have been added to the start of each sheet to provide more information in relation to the change. The first column ‘Description of Change’ provides a brief but informative description of the nature of the changes. The second column ‘Ancestry Change’ indicates that a concept has moved within the current hierarchy.
| Name | Mapping: FRS 101 2021 |
|---|---|
| Publication date | 7 October 2021 |
| Format | XLSX, 662.2 KB |
| Name | Mapping: FRS 102 2021 |
| Publication date | 7 October 2021 |
| Format | XLSX, 638.2 KB |
| Name | Mapping: IFRS 2022 |
| Publication date | 7 October 2021 |
| Format | XLSX, 653.2 KB |
| Name | Mapping: Charities 2021 |
| Publication date | 7 October 2021 |
| Format | XLSX, 735.1 KB |
| Name | Mapping: UKSEF 2021 |
| Publication date | 7 October 2021 |
| Format | XLSX, 618.4 KB |