UKEB issues draft comment letter on IASB exposure draft
Issued on behalf of the UK Endorsement Board
The UKEB has issued a draft comment letter relating to the IASB Exposure Draft (ED) International Tax Reform – Pillar Two Model Rules for public consultation.
We welcome the ED. We support its objectives, the accelerated timetable and the introduction of a mandatory temporary exception from accounting for deferred tax arising from the Pillar Two model rules. In addition, we set out some potential enhancements to the proposals which we have identified from our analysis and outreach with stakeholders.
In view of the urgency of the Amendments and the IASB’s accelerated timetable, the draft comment letter has been issued with a short comment period.
Read the UKEB’s draft comment letter in full.
We welcome the ED. We support its objectives, the accelerated timetable and the introduction of a mandatory temporary exception from accounting for deferred tax arising from the Pillar Two model rules. In addition, we set out some potential enhancements to the proposals which we have identified from our analysis and outreach with stakeholders.
In view of the urgency of the Amendments and the IASB’s accelerated timetable, the draft comment letter has been issued with a short comment period.
Read the UKEB’s draft comment letter in full.
Please email your responses to [email protected]. Stakeholder comments are welcome until close of business on 3 March 2023.
Other UKEB Consultations Open for Comment
Draft Endorsement Criteria Assessment of Lease Liability in a Sale and Leaseback —Amendments to IFRS 16
Responses should be emailed to [email protected]. Read further details. Stakeholder comments are welcome until close of business on 5 April 2023.
Invitation to Tender: UKEB Economic Research (Closing Date: 3 March 2023)
The UKEB our looking for a research partner to support the UKEB Secretariat in conducting an ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities. Read the Invitation to Tender (ITT).