United Kingdom8 days leftOpen

iXBRL Tagging of Financial Statements

Tender Overview

LOCATION

United Kingdom, United Kingdom

VALUE

£126,000

DEADLINE

February 10, 2026 at 12:00

CATEGORY

Other

CPV CODE

66152000

REFERENCE

000741-2026

Project Timeline

Contact Information

View Original

Original Tender Description

This is a tender notice to notify the market that The Development Bank of Wales are looking to procure an external provider to perform XBRL (iXBRL) tagging of the company’s statutory financial statements in compliance with HMRC regulations for Corporation Tax submissions. Introduction This document sets out the requirements for procuring an external provider to perform XBRL (iXBRL) tagging of the company’s statutory financial statements in compliance with HMRC regulations for Corporation Tax submissions. Objectives Ensure statutory accounts are accurately tagged using HMRC-approved taxonomies. Facilitate automated processing and submission of Corporation Tax returns. Scope of Work The external provider will: Apply XBRL tags to the final audited and signed statutory accounts (30 in FY25 but this number is not fixed, and we reserve the right to change). Use the appropriate HMRC-approved taxonomy (IFRS). Validate the tagged accounts against HMRC standards. Deliver a fully compliant iXBRL file for submission with the CT600 returns. Directly liaise with tax advisors to facilitate submission of the CT600 returns Deliverables Tagged iXBRL file of statutory accounts. Validation report confirming compliance. Mapping documentation for reference. Timing Work will be carried out in Q4 of the financial year, after: Audit completion and sign-off. Corporation Tax computations finalized. Delivery deadline: Prior to CT600 submission date. Compliance and Standards HMRC iXBRL filing requirements. IFRS taxonomy Validation using HMRC Gateway or approved software. Provider Requirements Demonstrated experience in XBRL tagging for UK statutory accounts. Use of HMRC-recognized software tools. Ability to meet deadlines and provide responsive support. Provide a named client relationship manager Demonstrated experience of liaising with third party tax advisors On-site attendance as required by DBW Quality Assurance Internal review of tagged accounts before submission. Provider to make corrections promptly if required.
⚠️

MANDATORY EXCLUSION GROUNDS

  • (No explicit mandatory exclusion grounds are stated in the provided tender text.)

ELIGIBILITY REQUIREMENTS

  • The provider must be an external entity capable of performing iXBRL tagging services.
  • The provider must be able to comply with HMRC regulations for Corporation Tax submissions.
🔧

TECHNICAL CAPABILITY REQUIREMENTS

  • The provider must demonstrate experience in XBRL tagging for UK statutory accounts.
  • The provider must use HMRC-recognized software tools for tagging.
  • The provider must demonstrate the ability to meet deadlines.
  • The provider must demonstrate the ability to provide responsive support.
  • The provider must demonstrate experience of liaising with third-party tax advisors.
  • The provider must be able to provide on-site attendance as required by the Development Bank of Wales.
  • The provider must be able to apply XBRL tags to final audited and signed statutory accounts.
  • The provider must use the appropriate HMRC-approved IFRS taxonomy.
  • The provider must be able to validate tagged accounts against HMRC standards.
  • The provider must be able to deliver a fully compliant iXBRL file for submission with CT600 returns.
  • The provider must be able to directly liaise with tax advisors to facilitate submission of CT600 returns.
  • The provider must be able to deliver a validation report confirming compliance.
  • The provider must be able to deliver mapping documentation for reference.
  • The provider must be able to perform work in Q4 of the financial year, after audit completion and sign-off, and after Corporation Tax computations are finalized.
  • The provider must ensure delivery prior to the CT600 submission date.
  • The provider must adhere to HMRC iXBRL filing requirements.
  • The provider must validate using HMRC Gateway or approved software.
  • The provider must make corrections promptly if required.
💰

FINANCIAL REQUIREMENTS

  • (No explicit financial requirements are stated in the provided tender text, such as minimum turnover or financial stability.)
📋

SUBMISSION REQUIREMENTS

  • The bid must be submitted by the deadline: 2026-02-10 12:00:00.
  • The bidder must provide details of a named client relationship manager.
  • The bidder must provide evidence of demonstrated experience in XBRL tagging for UK statutory accounts.
  • The bidder must provide evidence of demonstrated experience of liaising with third-party tax advisors.

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PDF
Official PDF Version
PDF000741-2026_official.pdf
Summary:
The Development Bank of Wales seeks an experienced external provider for iXBRL tagging of statutory financial statements, requiring expertise in HMRC regulations, approved taxonomies, and liaison with tax advisors.

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64
Good

Tender Quality Score

This tender for iXBRL tagging services provides a clear description of the required work and technical capabilities but suffers from significant omissions regarding evaluation criteria and mandatory exclusion grounds, impacting its overall fairness and legal compliance.

Score Breakdown

Legal Compliance65/100

The tender defines the procedure type and assigns an appropriate CPV code. The submission period appears reasonable (23 days). However, the absence of explicit mandatory exclusion grounds and, critically, the lack of specified evaluation criteria are significant compliance deficiencies. The missing reveal date is also a minor issue.

Missing mandatory exclusion grounds
No evaluation criteria specified
Clarity60/100

The description of the service, objectives, scope of work, deliverables, and provider requirements are very clear and unambiguous. However, the complete absence of evaluation criteria makes it unclear to bidders how their proposals will be assessed, which is a major clarity flaw.

Missing evaluation criteria
Completeness65/100

Most essential information such as title, reference, organization, estimated value, duration, and location is provided. Requirements are detailed. The primary deficiency is the critical absence of evaluation criteria, which is fundamental for a complete tender package. Minor gaps include an empty 'Liable Person' field and 'N/A' for procedure codes.

Missing evaluation criteria
Liable Person not specified
Fairness60/100

The tender value is disclosed, and requirements are generally generic, not appearing tailored to a specific company, though the 'on-site attendance' could slightly favor local providers. However, the lack of specified evaluation criteria severely compromises transparency and objectivity, making it difficult for bidders to compete fairly. The absence of e-submission also limits equal access.

Missing evaluation criteria
No e-submission
Practicality60/100

Key practical details like contract start date and duration are clearly specified. However, the lack of electronic submission support is a significant practical drawback in modern procurement, potentially increasing administrative burden for bidders and the contracting authority.

No e-submission
Data Consistency90/100

The tender exhibits good data consistency, with logical dates and no reported disputes or suspensions. Most key fields are populated, with only minor omissions like the 'Liable Person' and 'N/A' codes for procedure type.

Liable Person not specified
N/A for procedure codes
Sustainability50/100

The tender explicitly highlights an "Innovation Focus," which is a positive aspect. However, it lacks any specified green procurement criteria or social aspects, indicating a missed opportunity to integrate broader sustainability considerations.

Not green procurement
No social criteria

Strengths

Clear and detailed service description, objectives, and scope of work
Estimated value, contract duration, and start date are specified
CPV code is appropriate and NUTS code provided
Explicit "Innovation Focus" characteristic
Good data consistency with logical dates and no disputes

Concerns

Critical absence of evaluation criteria
Missing explicit mandatory exclusion grounds
Lack of electronic submission support
No green procurement or social responsibility criteria
Missing reveal date and 'Liable Person' information

Recommendations

1. Immediately publish comprehensive evaluation criteria to ensure transparency and fairness.
2. Clarify and include mandatory exclusion grounds in line with national procurement regulations.
3. Implement an electronic submission portal to streamline the bidding process and enhance accessibility.

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B
Tender Quality Score
64/ 100 · Good

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