Deferred tax (IAS 12) - Accelerated capital allowances - ACCA (SBR) lectures

12 Comments

1. N
   Nathan·5mo ago

   Good explanation and easy to understand thank you
2. M
   Mphatso·2y ago

   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
3. J
   John·3y ago

   Hey.
   
   Are you sitting exams in september?
   
   If so, can we study together?
4. C
   Chiazam·3y ago

   Thank you for the analogies.
   
   Is it possible to recognize a contingent tax liability?
5. J
   John·3y ago

   Hey, sitting exams in september?
6. J
   John·3y ago

   Hey.
   
   Are you sitting exams in september?
   
   If so, can we study together?
7. Z
   Zura·5y ago

   Great, it's very clearly has explained!
8. V
   VG·6y ago

   Hi,
   
   Should we charge Deferred Tax on Intangible Asset?
9. A
   Annamalai·7y ago

   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$) as against the depreciation per the tax rules (37 500$)
10. V
    voo·6y ago

    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.
11. A
    adam1975·7y ago

    Thank You, Mr Tutor. Super explained!
12. P
    P2-D2Tutor·7y ago

    And thank you for the kind comment, I'm glad it has helped you understand the mysterious world of deferred tax.