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Hi could you please explain the deferred tax explanation in Q38 Holls (Dec 2018) from Kaplan?
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In Holls you just had to explain what the purpose of deferred tax was in your own words, i.e. matching total expense against total profits and the purpose of temporary differences. As long as your explanation was fairly clear you would have got the credit.
If you are unsure on the purpose of DT please watch our lecture.
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