FRC extends application period for Covid-19 related rent concessions

Released 09 June 2021

The Financial Reporting Council (FRC) has issued Amendments to FRS 102 and FRS 105 – Covid-19-related rent concessions beyond 30 June 2021.

The amendments extend the application of requirements that cover the accounting treatment of temporary rent concessions occurring as a direct consequence of the Covid-19 pandemic until 30 June 2022.

The amendments are effective for accounting periods beginning on or after 1 January 2021, with early application permitted.

Further information can be found at

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