Department Of Health
IFRS 16 Leases for bodies applying the Financial Reporting Manual (FReM) has been postponed in the public sector to 1 April 2022.
DHSC is revising the implementation timetable and will publish a new version.
The supplement provides information on the implementation of the standard. It advises group bodies that are required to implement IFRS 16 in their statutory accounts for 2019 to 2020 on how best to align with DHSC group policies when the standard is adopted by the Government Financial Reporting Manual in 2022 to 2023. It also helps other group bodies adopting the standard in 2022 to 2023 to develop their preparedness.
The supplement should be read with the departments Group Accounting Manual.