Accounting standards and the tax implications of new UK GAAP

HMRC have updated their guidance on the tax implications of changes to the 'generally accepted accounting practice' used to prepare financial statements.

HMRC have updated their guidance on the tax implications of changes to the 'generally accepted accounting practice' used to prepare financial statements as many UK companies will be required to apply one of the EU-endorsed IFRS, FRS 101 or FRS 102 over the next few years.

HMRC have stated that the purpose of these two papers is to assist companies who are thinking of choosing or have already chosen to apply either FRS 101 or FRS 102. The guidance includes an overview of the key accounting changes and key tax considerations that arise.

Please contact us if you would like information on how these changes will affect you and your business.

Internet link: GOV.UK accounting standards

As seen in


AA.png TFT.png CNN.png RAC.png ECO.png SU.png EMM.png TCN.png

Awards & Associations Legal GDPR & IT Compliance Website Privacy Policy Copyright Sitemap

Download our TaxApp

© 2019 Fitzgerald & Law. All rights reserved. Incorporated In England and Wales. Company No: OC300023.


We use cookies on this website, you can find more information about cookies here.