Commentary

D4.930 International Accounting Standards

Corporate tax
Corporate tax | Commentary

D4.930 International Accounting Standards

Corporate tax | Commentary

D4.930 International Accounting Standards

Under para 39 of International Accounting Standard (IAS) 12, a UK company is required to provide for deferred tax in respect of the undistributed profits of its investments in overseas companies in circumstances where the UK company is unable to control the flow of foreign dividends to the UK or a temporary difference is likely to arise due to a distribution of profits that will take place in the foreseeable future. In this situation, any UK tax charge needs to be ascertained that would arise and for this purpose it will therefore be necessary to establish

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