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Tax Notes |
See Also
Adjustment of profit | Deferred tax introduction | Profit and loss account / Income statement (D schedule) | Tax note - detail
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
The schedule processes the information contained in the other deferred tax schedules to produce the tax notes for the accounts in accordance with the disclosure required under the relevant accounting standards. This includes both a profit and loss account note and balance sheet information for current and deferred taxation.
This schedule will be developed as part of the F schedules. The F schedules can be developed from either the Adjustment of profit schedule or the Profit and Loss account by selecting Develop, Other, Tax account.
For 2009 files onwards, this schedule is no longer available. Breakdown of the tax disclosure figures are now found on the Tax note - detail schedule
Some of the data entry cells are described in more detail below:
Tax lost on payment of dividend
The user may make entries on the schedule for additional tax incurred as a result of the payment of a dividend.
Revaluation of assets
Amounts of deferred tax provided in relation to revaluations of assets should be entered. Where this is the case, then similar entries will be required on the Tax Account schedule.
The schedule has no standard supporting schedules.
© 2009 Thomson Reuters.