Date: 09 March 2023
The UKEB has published its Final Comment Letter on the IASB Exposure Draft (ED) International Tax Reform – Pillar Two Model Rules. We welcome 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, we 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.