Authorised Investment Fund
Corporation Tax
Group Module
Investment Trust
Life
Hotline
Pack development
Irish Corporation Tax
Partnership Tax
Partnership Gains
Administrator
Tracker
Hong Kong Profits Tax
VAT
Personal Tax
Corporation Tax Lite
Group deferred taxation summary |
See Also
A schedule - Group summary | Factors affecting the tax rate | Group tax provisions | Payments for relief | Tax account | Tax notes
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule gives a summary of the group's deferred taxation provision. The schedule compares the total tax charge per the accounts with tax on the profit before tax figure for each company, listing each item (either permanent or timing) making up this difference.
This sheet will be developed as part of the UK GAAP group tax accounting sheets. The group tax accounting sheets can be developed from either A from Develop, Other, Group Tax Account or from B or D from Develop, Group Tax Account.
ONESOURCE Corporate Tax companies
For ONESOURCE Corporate Tax companies, figures are extracted from the Tax account and Factors affecting the tax rate schedules in the deferred tax section of the underlying company files.
Each linked file will have a column on the schedule and a total is provided for each row on the schedule to provide an aggregate summary for the group.
Further columns may be inserted on the right of the schedule to allow for consolidation adjustments and the inclusion of details from companies not otherwise included in the group file.
Non ONESOURCE Corporate Tax companies
The figures must be entered manually for non ONESOURCE Corporate Tax companies, or where an underlying computation does not contain deferred tax schedules.
A note warns the user if the underlying computation does not contain deferred tax schedules.
The user can set a flag on the Group tax provisions schedule to override the standard error checking: setting the flag to Yes calculates balancing figures. This can be useful if the deferred tax schedules are no longer of interest but are carrying errors that are preventing a final print.
© 2009 Thomson Reuters.