Choosing the right FRS: accounting for deferred tax - part 4

In part four of our series on UK GAAP transition, Helen Lloyd FCA considers deferred tax pitfalls and the best accounting framework for UK companies from FRS 105 to full-blown FRS 102 or in some instances, IFRS

When an entity chooses its accounting framework, the tax regulations might have some influence, but only somewhat indirectly. Perhaps one framework has a noticeable effect on the timing of reported profits, in which case it would be important to understand whether the tax treatment would follow it.

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