Switching between different FRS

can a company switch from year to year between FRS105 and FRS102 section 1A?

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Hi - I cannot find answer to this. Can a company eligible for FRS105 switch freely from year to year between FR105 and FRS102 S1a? Thanks. 

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By lionofludesch
12th Dec 2017 10:18

Theoretically, yes.

But I'd question whether providing for deferred tax every other year is the smartest move.

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Replying to lionofludesch:
By neanderthal
12th Dec 2017 11:10

thanks - I was aware of the transitional issues but thanks for clarifying the technical aspect - btw is that anywhere written in the FRS as i couldn't find any mention?

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By Slim
12th Dec 2017 13:40

You "can" do it, but I wouldn't.

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