Response 6 - KPMG

KPMG LLP Audit 15 Canada Square London E14 5GL United Kingdom Tel +44 (0) 20 7311 1000

Pauline Wallace Chair 1 Victoria Street London SW1H 0ET

Your ref Our ref JG/BG

By email to: [email protected]

10 July 2023

Dear Pauline

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

We believe in a single set of globally consistent financial reporting standards, and so we fully support the endorsement of the amendments to IAS 12 in the UK. In addition, we welcome the UKEB's intention to accelerate the due process for endorsement in response to the need for UK companies to apply the amendments as early as possible.

Yours sincerely

KPMG LLP

KPMG LLP, a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. Registered in England No OC301540 Registered office: 15 Canada Square, London, E14 5GL For full details of our professional regulation please refer to 'Regulatory information' under 'About' at www.kpmg.com/uk