UKEB adopts IFRS 18 Presentation and Disclosure in Financial Statements

The UKEB has today published IFRS 18 Presentation and Disclosure in Financial Statements. It was issued by the IASB in April 2024, and formally adopted by the UKEB, for use in the UK, on 10 December 2025. IFRS 18 replaces IAS 1 Presentation of Financial Statements. IFRS 18 sets out general presentation and disclosure requirements that apply across the primary financial statements and the notes. It does not change how entities recognise and measure items in the financial statements.

The standard is effective for annual reporting periods beginning on or after 1 January 2027, with early application permitted.

The text of the UK-adopted international accounting standards for the Amendments can be found on our website.

For more information on the UKEB’s approach to this project visit our IFRS 18 Presentation and Disclosure in Financial Statements webpage.

We would like to thank all stakeholders who contributed to this project.