Statistical Notice
Following Green Notice 2024/01, the Bank of England has released a public working draft (PWD) of the updated taxonomy and data point model (DPM). The reporting requirements remain unchanged with this update, so our published definition documents should continue to be used. This release aims to address known issues in data modelling and validation rules and refine the data model to ensure alignment with these definitions.
As previously outlined in Green Notice 2024/01, the Bank’s Statistical Utility tool will be withdrawn with this update to the DPM. An alternative solution for reporting XBRL includes using one of our recognised software houses listed on the Statistical Reporting page, who offer electronic reporting facilities.
We have provided the Data Point Model (DPM), annotated templates and data dictionary on our Statistical Reporting page (see taxonomy 1.3.1) to request industry feedback on the proposed data point modelling and business validation rules.
We invite feedback from firms and software vendors on the PWD technical artefacts to uktaxonomypwdfeedback@bankofengland.co.uk by Friday 30 May 2025.
This PWD should not be used for reporting.
Next steps
- 28 April to 9 May 2025: A UAT window will be available for reporters and software houses to test the updated taxonomy ahead of the first reporting period.
- Additional UAT windows will be announced in due course.
- Date to be confirmed (TBC): Publication of the final updated taxonomy.
- The Bank will update the draft if any issues are identified during testing.
- The Bank will also publish the first reporting period that the new taxonomy will take effect from.