OrbitaxOrbitax

New accounting standards – guidance published

|Approved Changes|United Kingdom
United Kingdom

HMRC have published guidance aimed at assisting companies as they transition from the current UK GAAP to FRS 101 and FRS 102. The documents contain the main accounting changes and tax considerations consequent upon the transition. While the documents are focused on corporation tax implications, they could have some relevance for income tax, but generally only where the tax and accounting issues (b…

Continue Reading