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Electronic Flat Text File Specification For Bank and Building Society Interest (BBS)* Returns (Under sch 23 to Finance Act 2011)*BBS Return is the name for those returns that were formerly called
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An electronic flat text file is a type of file that contains data in a plain text format.
Companies or individuals who need to submit certain types of data in a specific format may be required to file electronic flat text files.
Electronic flat text files can be filled out using a text editor or special software that is designed to work with this file format.
The purpose of an electronic flat text file is to store and transmit data in a simple, easy-to-read format.
The specific information that must be reported on an electronic flat text file will vary depending on the requirements of the entity requiring the file.
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