UK Updates: Pillar Two is Coming
Cross-border Tax Talks
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Deferred Tax Assets - What Are They?
Under the PILITY rules, you get to bring your deferred tax assets onto your opening PILITY balance sheet. It's unclear from the rules and the commentary as to which accounts those are. If you don't get the clarity I just disclose them in every set of accounts you have. Right, maybe just a few other ones because the list is long but deferred taxes and particularly looking at local accounts versus consolidated accounts.
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