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Deferred tax a finance director's guide
1. Deferred tax – A Finance Director's guide to
avoiding the pitfalls
Understanding deferred tax under IAS 12 Income Taxes
August 2009
2. Contents Page
Executive Summary 1
Introduction 4
1 Calculating a deferred tax provision – the basics 5
2 Allocating the deferred tax charge or credit 15
3 Disclosures 22
4 Avoiding pitfalls – the manner of recovery and the blended rate 29
5 Avoiding pitfalls – business combinations and consolidated accounts 35
6 Avoiding pitfalls – share-based payments 41
7 Avoiding pitfalls – recognition of deferred tax assets 45
8 Avoiding pitfalls – other issues 50
Appendices
A Glossary
B Summary of the UK tax regime
This publication has been prepared only as a guide. No responsibility can be accepted by us for loss
occasioned to any person acting or refraining from acting as a result of any material in this publication.