UKEB Work Plan 22nd May 2025
22 May 2025
| Project | Issued | Effective Date | Last UKEB milestone | May 2025 | Jun 2025 | Jul 2025 | Sep 2025 | Oct 2025 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|---|
| IASB Standard-Setting Projects | |||||||||
| IFRS 18 Presentation and Disclosure in Financial Statements | 09/04/24 | 01/01/27 | PIP published 03/04/24 | Board: DECA: outstanding topics | Board: DECA (Approval) | Board: Summary of feedback received on the DECA | Board: Summary of feedback received on the DECA | ||
| IFRS 19 Subsidiaries without Public Accountability: Disclosures 1 | 09/05/24 | 01/01/27 | Board: PIP 2 | Board: Sections of DECA | Board: Sections of DECA | Board: DECA (Approval) | |||
| IASB Maintenance Projects | |||||||||
| Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7) | 18/12/24 | 01/01/26 | DECA published 10/03/25 | Board: Summary of feedback received on the DECA | Board: ECA, Adoption Statement, FBS and draft DPCS | Board: DPCS (noting) |
UKEB Work Plan—Influencing Projects
22 May 2025
| Project | Issued | Last UKEB milestone | Status | May 2025 | Jun 2025 | Jul 2025 | Sep 2025 | Oct 2025 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|---|
| IASB Standard-Setting Projects | |||||||||
| IASB Maintenance Projects | |||||||||
| IASB Research Projects | |||||||||
| Statement of Cash Flows and Related Matters | IASB: Decide Project Direction May 2025 | Board: Research Summary & updated PIP | Board: Research Paper |
IFRS Foundation Governance Projects
22 May 2025
| Project | Issued | Last UKEB milestone | Status | May 2025 | Jun 2025 | Jul 2025 | Sep 2025 | Oct 2025 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|---|
| IFRS Foundation Due Process Handbook Review 3 | ED 19/12/24 | IASB comment period ends 28/03/25 | Board: DPCS (noting) |
UKEB Work Plan—Monitoring of IASB/ISSB projects
22 May 2025
| Project | Issued | IFRS Status Next Milestone | Expected Date | UKEB Status Last Milestone |
|---|---|---|---|---|
| IASB Standard-Setting Projects | ||||
| Business Combinations—Disclosures, Goodwill and Impairment | ED 14/03/24 | Decide Project Direction | 2026 | FCL: 07/2024 |
| Dynamic Risk Management | DP 17/04/14 | ED | Q4 2025 | |
| Equity Method of Accounting | ED 19/09/24 | ED feedback | May 2025 | FCL: 12/2024 |
| Financial Instruments with Characteristics of Equity | ED 29/11/23 | Final amendments | 2026 | FCL: 04/2024 |
| Rate-regulated Activities | ED 28/01/21 | IFRS Standard | H2 2025 | FCL: 07/2021 |
| IASB Maintenance Projects | ||||
| Climate-related and Other Uncertainties in the Financial Statements | ED 31/07/24 | Decide Project Direction | May 2025 | FCL 11/2024 |
| Updating IFRS 19 Subsidiaries without Public Accountability: Disclosures | ED 30/07/24 | Final amendments | Q3 2025 | FCL 11/2024 |
| Provisions— Targeted Improvements | ED 12/11/24 | ED feedback | June 2025 | FCL 03/2025 |
| IASB Research Projects | ||||
| Amortised Cost Measurement (IFRS 9) | - | Decide Project Direction | H1 2026 |
IFRS Foundation Governance Projects
22 May 2025
| Project | Issued | IFRS Status Next Milestone | Expected Date | UKEB Status Last Milestone |
|---|---|---|---|---|
| Intangible Assets | - | Decide Project Direction | May 2025 | |
| Post-implementation Review of IFRS 16 Leases | - | RFI | June 2025 | |
| IFRS Foundation Governance Projects | ||||
| IASB Fourth Agenda Consultation | RFI | Q4 2025 |
UKEB Work Plan—Deferred projects
(As explained in the UKEB's Regulatory Strategy 2024/25)
22 May 2025
| Project | Issued | IFRS Status Next Milestone | Expected Date | UKEB Status Last Milestone | Notes |
|---|---|---|---|---|---|
| IASB Maintenance Projects | |||||
| Translation to a Hyperinflationary Presentation Currency (IAS 21) | ED 25/07/24 | ED Feedback | May 2025 |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
Glossary
| Term | Description |
|---|---|
| DECA | Draft Endorsement Criteria Assessment |
| DCL | Draft Comment Letter |
| DP | Discussion Paper |
| DPCS | Due Process Compliance Statement |
| ECA | Endorsement Criteria Assessment |
| ED | Exposure Draft |
| FBS | Feedback Statement |
| FCL | Final Comment Letter |
| IASB | International Accounting Standards Board |
| PIP | Project Initiation Plan |
| RFI | Request for Information |
| TAD | Tentative Agenda Decision |
Footnotes
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The UKEB started the formal endorsement project in early 2025 to assess both IFRS 19 and the final amendments resulting from the catch-up ED as a package for adoption. The IASB expects to finalise the amendments to IFRS 19 in Q3 2025. ↩
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Additional details on the project plan to be updated here once the Board approves the proposed plan in the PIP ↩
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Timing of this project is subject to publication of due process documents by the IASB according to the expected timetables ↩