Response 2 - Deloitte LLP

Deloitte LLP 1 New Street Square London EC4A 3HQ

Phone: +44 (0)20 7936 3000 Fax: +44 (0)20 7583 1198 www.deloitte.co.uk

29 June 2023

Pauline Wallace Chair UK Endorsement Board 1 Victoria Street London SW1H 0ET

To be sent via email to: [email protected]

Dear Pauline

Invitation to Comment on the Draft Endorsement Criteria Assessment of IAS 12 Income Taxes (the Amendments) (with an effective date of 1 January 2023)

We welcome the opportunity to respond to the UK Endorsement Board's (UKEB) invitation to comment on its draft endorsement criteria assessment of amendments to IAS 12 Income Taxes (the Amendments) that were published by the IASB in May 2023.

We strongly support a single set of global corporate reporting standards and such we fully support the endorsement of the amendments to IAS 12. Furthermore, we welcome the UK Endorsement Board's accelerated due process in response to the need for UK companies to apply the amendments as early as possible.

Yours sincerely

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