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Mariette Lokin February 2009 Experiences and lessons learned.

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Presentation on theme: "Mariette Lokin February 2009 Experiences and lessons learned."— Presentation transcript:

1 Mariette Lokin February 2009 Experiences and lessons learned

2 Index Objects Approach Experiences Lessons learned Beyond NTP

3 Objects Reducing Administrative Burdens Annual accounts, Ministry of Justice (Civil Code) Using XBRL-FR

4 Approach Co-operation with Ministry of Finance Sharing advantages: tax and statistics Building a taxonomy Developing a process infrastructure Creating preconditions, not obligations

5 Starting point Tax office Regulatory bodies Chamber of commerce Statistics Bank request Company Request Monitoring bodies Auditor Tax advisor Software supplier 1 Software supplier 2

6 Desired situation Tax office Chamber of Commerce Statistics Tax Annual accounts Taxonomy Business Intermediary Entrepreneur Computer Financieel Systeem Taxonomy R1 R2 R3

7 SOA

8 Experiences Normalisation Harmonisation Optimization of the reporting chain Multiple regulatory reporting An authorized taxonomy Restoring the link between legislation and administration

9 Experiences Common understanding, individual interests Agencies Market (intermediaries, software vendors) Representative bodies Creating momentum, recognizing different agenda’s Need for moderation: covenant between government and market

10 Lessons learned Semantic interoperability starts in legislation Legitimacy is undisputed, but success is dependant of adoption by agencies and market Support the reporting and compliance process of a business: it’s not just another ‘export-format’. Actual fulfilment of preconditions: market- and agency- sufficient, in time, protecting investments Create a critical mass by supporting early adopters You can only eat an elephant bite by bite

11 Beyond NTP Substantial change in reporting chains Market: dis-intermediation, shift from commodity to value added services, role in supervision (horizontal monitoring) Agencies: multiple regulatory monitoring Applying the concept of standardization in data and processes in other chains: Standard Business Reporting From reducing admin burdens to ensuring legislative quality

12 Beyond NTP II Taxonomy management is crucial

13 Beyond NTP III Towards generic metadata in legislation XML-based drafting: guarding harmonization in the process Planning and control in view of versioning Automatic consolidation Facilitating the building of taxonomies LEGIS programme

14 http://www.xbrl-ntp.nl/english http://www.sbrconference.nl/en/


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