Tax deadlines to change for IFRS disregard rules

HMRC is consulting on proposals to changes in corporation tax which have resulted from the adoption of the International Financial Reporting Standards (IFRS), particularly International Accounting Standards (IAS) relating to disregard regulations and exchange gains and losses.

There has been an extension to the deadline for electing not to apply Regulation 9 of the Disregard Regulations from October 31 to December 31.

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