Tax accounting under FRS 102
Read our article by Pat Cullen and Shane Murphy. The article is copyright of the Irish Tax Institute and first appeared in the Irish Tax Review, 2013, Vol. 26, No. 2.
The longer-term significance of changing GAAP will arise from its ongoing impact on tax calculations. Entities will need to consider areas where tax follows the accounting and where adjustments are required to move from the accounting treatment to the tax treatment.