The following Corporation Tax guidance note by Tolley in association with Malcolm Greenbaum provides comprehensive and up to date tax information covering:
Transitioning from IFRS to FRS 101 will be very rare.
The main reason why a statutory entity would currently be using IFRS is if it is a subsidiary reporting to a parent company that prepared consolidated financial statements under IFRS, so that the accounting treatment used across the group is consistent.
If the subsidiary was sold by the parent company to a group that was not using IFRS it may need to transition, either to FRS 101
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