Date: 24 July 2023
The UKEB has adopted the Amendments to IAS 1:
The Amendments clarify the classification of liabilities as current or non-current and have an effective date of 1 January 2024, with earlier application permitted.
The UK-adopted international accounting standard text for these amendments can be found here.
For more information on the UKEB’s approach to this project visit our website.
We would like to thank all stakeholders who contributed to this project.