HMRC have published guidance aimed at assisting companies as they transition from the current UK GAAP to FRS 101 and FRS 102. The documents contain the main accounting changes and tax considerations consequent upon the transition. While the documents are focused on corporation tax implications, they could have some relevance for income tax, but generally only where the tax and accounting issues (between both taxes) are similar. HMRC intends to update the documents as and when further relevant information becomes available, and also when there are relevant developments regarding accounting standards and tax law. The documents are available on HMRC's...