International Tax Reform – Pillar Two Model Rules (Proposed Amendments to IAS 12) – UKEB Feedback Statement published

Date: 30 March 2023

The UKEB has published its Feedback Statement on the IASB Exposure Draft (ED) International Tax Reform – Pillar Two Model Rules. The UKEB welcomes the objectives of the ED, the accelerated timetable and the introduction of a mandatory temporary exception from accounting for deferred tax arising from the Pillar Two model rules. In addition, the UKEB set out some potential enhancements to the proposals which we have identified from our analysis and outreach with stakeholders. Thank you to everyone who contributed to this important project.