Award

iXBRL Tagging of Financial Statements

DEVELOPMENT BANK OF WALES

This public procurement record has 2 releases in its history.

Award

18 Feb 2026 at 15:37

Tender

06 Jan 2026 at 15:07

Summary of the contracting process

The Development Bank of Wales, situated in Cardiff, is undertaking a procurement process for the iXBRL tagging of financial statements through an open procedure aligned with the Procurement Act 2023. The procurement activity seeks an experienced external provider to ensure compliance with HMRC regulations for Corporation Tax submissions. The contract will be awarded to Azets Holdings Limited and entails services categorised under financial market regulatory services, with the contract running from 3 March 2026 to 1 March 2027. The award notice was published on 18 February 2026, and a standstill period will last until 27 February 2026.

This procurement presents significant business growth opportunities, primarily for firms adept in financial services and regulatory compliance. Businesses with expertise in implementing HMRC-approved taxonomies and providing timely, responsive support, particularly those capable of liaising with tax advisors and undertaking on-site attendance, will find this tender most suitable. Additionally, despite the singular bid indication, the open procedure suggests potential for competitive engagement amongst providers of varied size and capability aiming for long-term contracts as the engagement offers renewal options spanning up to nine years.

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Notice Title

iXBRL Tagging of Financial Statements

Notice Description

The Development Bank of Wales issued a UK 4 notice in January 2026 alerting the market that we were undertaken a procurement activity 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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06003a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014895-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

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
Not specified

Notice Dates

Publication Date
18 Feb 20264 days ago
Submission Deadline
10 Feb 2026Expired
Future Notice Date
Not specified
Award Date
12 Feb 20261 weeks ago
Contract Period
3 Mar 2026 - 1 Mar 2027 6-12 months
Recurrence
2035-11-06

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEVELOPMENT BANK OF WALES
Contact Name
Leanne Millard
Contact Email
leanne.millard@developmentbank.wales
Contact Phone
+442920801715

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Post Town
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

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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