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FRC issues its draft Taxonomies 2022 suite for comment

  • FRC Image

31 Aug 2021

The Financial Reporting Council (FRC) has issued, for comment, its draft Taxonomies 2022 suite which has been updated for all the taxonomies including the UKSEF, Charities and Irish extension.

The Streamlined Energy and Carbon Reporting (SECR) taxonomy has been included in all of the taxonomies except for the Irish extension. In addition, the taxonomy now supports a Welsh label linkbase. Taskforce on Climtate-related Financial Disclosures (TCFD) disclosures in the SECR have been augmented to allow for more detailed tagging. HMRC’s Detailed Profit & Loss (DPL) taxonomy extension is now part of the Directors’ Report.

The feedback period ends on 16 September 2021. The press release (including a link to the draft FRC Taxonomies 2022 suite) is available on the FRC website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.