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

2021 FRC Taxonomy Suite

The 2021 FRC Taxonomy Suite includes Taxonomies for: UK IFRS, FRS 101, FRS 102, UKSEF, SECR, and Charities.

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

Who should use the 2021 Taxonomy Suite?

In principle, only two versions of the taxonomies should be in use by preparers and developers: the latest version and the penultimate version. This is to ensure that preparers comply with the full tagging requirement from HMRC.

Versions of the full suite of FRC taxonomies for 2024 and 2023 were released on 3 November 2023 and 21 October 2022 respectively. All preparers should use those except for those specific circumstances that require the use of the 2021 Taxonomy Suite.

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.

2021 FRC Taxonomy Suite Mapping Files

Mapping documents detailing all the changes to the suite since the 2021 version (2019 in the case of the Irish extensions).

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