Corporation Tax Guidance

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Latest Guidance
Corporation_tax_img9
28 Jun 2019

Rules for determining tax baseThe tax base under IFRS is defined by one of four rules. These are:•the tax base of an asset is the amount that will be deductible for tax...

Corporation_tax_img2
28 Jun 2019

When calculating tax numbers for accounts it is important to be clear on when new tax laws should be taken into account.Where a company is part of a group which produces...

Corporation_tax_img9
28 Jun 2019

This guidance note covers the aspects of ASC 740 which deals with accounting for uncertain tax positions. Previously this guidance was contained within the interpretation...

Corporation_tax_img
28 Jun 2019

Introduction to business combinationsOne of the areas which causes most complexity in relation to deferred tax accounting under IFRS is accounting for business...

Corporation_tax_img3
27 Jun 2019

BackgroundIn this guidance note, references to the ‘old UK generally accepted accounting practice’ or ‘old UK GAAP’ are to the combination of UK accounting principles...

Corporation_tax_img5
27 Jun 2019

The IFRS disclosure requirements in respect of tax are set out in IAS 12, paras 79 to 88.Practice differs between companies as to whether all of the income tax...

Corporation_tax_img6
27 Jun 2019

This guidance note relates to the aspects of ASC 740 which were previously known as FAS 109.The concepts underlying FAS 109 are similar to those under IFRS and therefore...

Corporation_tax_img3
27 Jun 2019

PresentationAn entity must present changes in a current tax liability (or asset) and changes in a deferred tax liability (or asset) as a tax expense (or income). The...

Corporation_tax_img
27 Jun 2019

IntroductionFRS 102  requires a note to the financial statements that reconcile:•the total tax expense (income) included in profit or loss•the profit or loss on ordinary...

Corporation_tax_img
27 Jun 2019

IntroductionThere are additional tax issues to consider when preparing the tax workings for consolidated financial statements, other than the fair value adjustments...

Latest Guidance
Corporation_tax_img9
Corporation Tax

Rules for determining tax baseThe tax base under IFRS is defined by one of four rules. These are:•the tax base of an asset is the amount that will be deductible for tax...

Corporation_tax_img2
Corporation Tax

When calculating tax numbers for accounts it is important to be clear on when new tax laws should be taken into account.Where a company is part of a group which produces...

Corporation_tax_img9
Corporation Tax

This guidance note covers the aspects of ASC 740 which deals with accounting for uncertain tax positions. Previously this guidance was contained within the interpretation...

Corporation_tax_img
Corporation Tax

Introduction to business combinationsOne of the areas which causes most complexity in relation to deferred tax accounting under IFRS is accounting for business...

Corporation_tax_img3
Corporation Tax

BackgroundIn this guidance note, references to the ‘old UK generally accepted accounting practice’ or ‘old UK GAAP’ are to the combination of UK accounting principles...

Corporation_tax_img5
Corporation Tax

The IFRS disclosure requirements in respect of tax are set out in IAS 12, paras 79 to 88.Practice differs between companies as to whether all of the income tax...

Corporation_tax_img6
Corporation Tax

This guidance note relates to the aspects of ASC 740 which were previously known as FAS 109.The concepts underlying FAS 109 are similar to those under IFRS and therefore...

Corporation_tax_img3
Corporation Tax

PresentationAn entity must present changes in a current tax liability (or asset) and changes in a deferred tax liability (or asset) as a tax expense (or income). The...

Corporation_tax_img
Corporation Tax

IntroductionFRS 102  requires a note to the financial statements that reconcile:•the total tax expense (income) included in profit or loss•the profit or loss on ordinary...

Corporation_tax_img
Corporation Tax

IntroductionThere are additional tax issues to consider when preparing the tax workings for consolidated financial statements, other than the fair value adjustments...