FIN.

PRA updates on LACDT permission

The PRA has not yet published its feedback on its proposals for a permission in respect of recognising an increase in deferred tax assets by firms in their calculation of the loss-absorbing capacity of deferred taxes and expects to publish its final policy in mid-November. However, it is considering whether, if it goes ahead with the proposal, it will introduce a temporary delay to give firms more time to apply for the permission. It will confirm this when publishing the final policy.

Emma Radmore