Corporation Tax

Transition from IFRS to FRS 101

Produced by Tolley in association with Malcolm Greenbaum
  • 14 Oct 2021 17:34

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 IFRS to FRS 101
  • Introduction
  • FRS 101 compared to IFRS

Transition from IFRS to FRS 101

Introduction

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 subsidiar

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