Transition from FRS 105 to FRS 101

Produced by Tolley in association with Malcolm Greenbaum
Transition from FRS 105 to FRS 101

The following Corporation Tax guidance note Produced by Tolley in association with Malcolm Greenbaum provides comprehensive and up to date tax information covering:

  • Transition from FRS 105 to FRS 101
  • Introduction
  • Main effects

Introduction

This would be a very unlikely transition in practice. It would mean an entity that was previously a micro-entity would have become a subsidiary of a parent company producing consolidated financial statements and elected to use FRS 101 because its parent produces financial statements under IFRS.

Main effects

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