The UK Financial Reporting Council has issued draft amendments to FRS 101 and 102 for consultation in relation to the implementation of the Pillar 2 model rules. This includes a temporary exception to the accounting for deferred taxes arising from the implementation of the Pillar 2 model rules, alongside targeted disclosure requirements. The deadline for comments is 24 May 2023.
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FRED 83 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of I…