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Sorry, F6 tutor will be back on Sunday
so till then, watch relevant f6 lectures pleaseAt F6 you will not have to deal with the correct treatment of R&D expenditure in the adjustment of trading profits other than to treat it as allowable. This issue is dealt with at P6!
I had the question from P2 regarding defferd tax (the one I posted in my first post)
I am not sure which “first post” you are referring to, but deferred tax is a corporate reporting issue NOT a tax issue and if you have a P2 query then you should post it on P2 Ask the Tutor forum.
Actually he had reffered me to F6 tutor…
The first post I refferred was:When are research costs deducted from taxable profit(or shall I refer to the P6 tutor) hmmmm used a lot of refers 🙂Hi rameez if your question is about deferred tax then this is a P2 question. At P6 you learn that an additional deduction for qualifying R&D expenditure is available for taxation. This will create a difference between the profit for corporate reporting and the adjusted profit for corporate tax purposes and hence it becomes a deferred tax issue in the financial statements.
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