Deferred tax (IAS 12) – Accelerated capital allowances – ACCA (SBR) lectures
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Thank you! This is compact and very understandable. I was very discouraged after not understanding the topic via various other videos. I have confidence now that I may pass in first attempt.
Any one with BPP text book and kit latest PDFs ones please share. i can send you an email. Cant find any in my country
Hey.
Are you sitting exams in september?
If so, can we study together?
Thank you for the analogies.
Is it possible to recognize a contingent tax liability?
Hey, sitting exams in september?
Hey.
Are you sitting exams in september?
If so, can we study together?
Great, it’s very clearly has explained!
Hi,
Should we charge Deferred Tax on Intangible Asset?
Hi
So, considering the following
Depreciation charged on asset for the current year is 20 000$ as per companies policy.
But depreciation charged for the asset as per tax rules is 37 500$. Tax rate is 20%
So it means there is a tax savings of
4 000$ (20 000*20% as per company policy) &
7 500$ (37 500*20% as per tax rules)
Does this not mean that i have a deferred tax asset of 3 500$ and not a deferred tax liability as i have charged lower depreciation (20 000$) as against the depreciation per the tax rules (37 500$)
The fact is that the CA charged is faster than the depreciation lead to tax differences (and deferred tax liability where CV is greater than the TB). Means the entity is enjoying more tax deduction now and less in future thus form a deferred tax liability.
Thank You, Mr Tutor. Super explained!
And thank you for the kind comment, I’m glad it has helped you understand the mysterious world of deferred tax.