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bigduckontax
bigduckontax, Accountant
Category: Tax
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Experience:  FCCA FCMA CGMA ACIS
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Mine is to do with a related party disclosure questions per

Customer Question

mine is to do with a related party disclosure questions per ifrs - any takers?
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.

Hello, I am Keith, one of the experts on Just Answer, and happy to help you with your question.

Please be so kind as to give me further details so I can assist you.

Expert:  bigduckontax replied 2 years ago.

My immediate reaction to your question is to point out that FRS8, the relevant financial directive, only applies to medium sized companies and larger so if you are referring to a small company no disclosure is required. The on line return does require a declaration, however, and you should merely state that there are no related parties or third party transactions. This answer may well clear your enquiry.

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