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Contract signing for iXBRL Tagging of financial statements

Development Bank of Wales

This public procurement record has 3 releases in its history.

Award

31 Mar 2026 at 17:22

UK7 - Contract Details Notice
Award

18 Feb 2026 at 15:37

UK6 - Contract Award Notice
Tender

06 Jan 2026 at 15:07

UK4 - Tender Notice
Summary of the contracting process

The Development Bank of Wales, based in Cardiff, has successfully concluded a procurement process involving the iXBRL Tagging of financial statements to ensure compliance with HMRC regulations for Corporation Tax submissions. This procurement, initiated through an open procedure as per the Procurement Act 2023, involved a detailed evaluation before awarding the contract to Azets Holdings Limited. The contract, valued at £180,000 excluding VAT, is scheduled to commence on 3rd March 2026 and will span until 2nd March 2027, with possibilities for renewal up to nine years in 36-month increments. This process falls under the category of financial services, specifically targeting financial market regulatory services. Key dates include the contract signing on 2nd March 2026, with the process reaching the award stage by 31st March 2026.

This tender presents substantial opportunities for businesses experienced in financial regulatory services, particularly those specialising in iXBRL tagging and compliance. The contract requires expertise in applying XBRL tags to statutory accounts, liaising with tax advisors, and delivering HMRC-compliant files, making it an attractive prospect for companies able to meet these stringent requirements. Businesses with a proven track record in technical compliance, responsiveness, and on-site collaboration would benefit immensely from engaging in this project. Moreover, the presence of a named client relationship manager and demand for timely delivery highlight prospects for firms adept at fostering robust client relations and clearly communicating technical information. This could catalyse business growth, especially for SMEs aiming to expand their service offerings in the compliance and financial services sector.

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Notice Information

Notice Title

Contract signing for iXBRL Tagging of financial statements

Notice Description

The Development Bank of Wales issued a UK 4 and UK 6 notice alerting the market that we were undertaken a procurement activity and awarded a contracts for iXBRL tagging of financial statements via an open procedure in line with the procurement act 2023. The evaluation has now concluded and we intend to award the contract. 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. 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06003a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030018-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66152000 - Financial market regulatory services

Notice Value(s)

Tender Value
£105,000 £100K-£500K
Lots Value
£105,000 £100K-£500K
Awards Value
£100,000 £100K-£500K
Contracts Value
£180,000 £100K-£500K

Notice Dates

Publication Date
31 Mar 20264 months ago
Submission Deadline
10 Feb 2026Expired
Future Notice Date
Not specified
Award Date
12 Feb 20266 months ago
Contract Period
3 Mar 2026 - 2 Mar 2027 6-12 months
Recurrence
2035-11-06

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

Azets Holdings Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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