HMRC update their paper on FRS 102

Global Tax Update:November 2015/United Kingdom

HMRC have updated their overview paper, originally published in January 2014, which is designed to assist companies which are thinking of choosing or have already chosen to apply FRS 102. It provides an overview of the key accounting changes and the tax considerations that arise for those companies that transition from old UK GAAP 1 to FRS 102. (Global Tax Update:November 2015/United Kingdom)

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This newsletter explains the following topics;

  1. HMRC update their paper on FRS 102
  2. Consultation on the tax deductibility of corporate interest expense
  3. Consultation on the Patent Box
  4. DMWSHNZ Ltd: notional transfer within a group: taxpayer loses in Court of Appeal
  5. HMRC meeting on Senior Accounting Officer progress
  6. Recovery of VAT on pension scheme costs: HMRC Brief


>> Click for Japanese [HMRCがFRS 102に関する説明文書を改訂 ほか]

(103KB, PDF)

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