The UK Endorsement Board has announced the adoption of amendments to IAS 12 International Tax Reform: Pillar Two Model Rules. --- UKEB adopts International Tax Reform: Pillar Two Model Rules (Amendments to IAS 12) Date: 19 July 2023 The UKEB has today adopted the Amendments to IAS 12 International Tax Reform: Pillar Two Model Rules, issued by the IASB in May 2023. The Amendments introduce a temporary mandatory exception from accounting for deferred taxes arising from the Pillar Two model rules and a requirement to disclose that the exception has been applied, both of which are applicable immediately and retrospectively....