Employers' support & payroll
Dispute analysis & investigations
Governance, risk & assurance
IT consulting services
Private client tax
R&D and grants
Restructuring & insolvency
Trust & estates
Culture, entertainment & media
Energy, mining & renewables
Food & agriculture
High net worth & family offices
Hotels & hospitality
Manufacturing & engineering
Membership organisations & trade unions
Owner managed businesses
Real estate & construction
Retail & wholesale
Shipping & transport
Sports & leisure
News & Views
View related pages
FRS 102 – What does it mean for your corporation tax liability?
1 January 2015 saw the introduction of a new Financial Reporting Standard for the UK, FRS 102.
FRS 102 replaces all current UK GAAP standards and all companies currently preparing accounts under UK GAAP must adopt FRS 102 or IFRS for accounting periods beginning on or after 1 January 2015.
The changes are significant and may impact on financial results, disclosures in your accounts, tax liabilities and dates when tax needs to be paid.
An understanding of the changes from a tax perspective is essential to ensure that the decisions made regarding the new accounting standards can be properly planned.
We can provide the guidance required to bring you up to speed with these changes from a tax perspective and also provide assistance with your tax accounting, in particular deferred tax on transition to FRS 102.
With careful consideration, it may also be possible to improve a company’s tax position.
If you would like further information or would like to discuss any of the matters above then please contact us.
© Moore Stephens UK