Deferred Tax

(7 reviews)

by Steve Collings

Many accountants don't feel the need to recognise deferred tax - it is more of an accounting concept than a tax to be paid. This course will help you understand why deferred tax should be recognised and gives you everything you need to do this correctly.

price £100+vat
cpd hours 4 CPD hours
access 120 days' access

Use ACPD101 for 10% off any purchase.

This course will enable you to

  • Recognise deferred tax correctly in the financial statements
  • Apply the correct tax rates for deferred tax
  • Understand the various accounting treatments for deferred tax
  • Make the appropriate disclosures in relation to deferred tax assets

About the course

Many accountants don't feel the need to recognise deferred tax in the financial statements as it is more of an accounting concept, rather than a tax that is paid. However, deferred tax should be viewed as an accruals concept, where a timing difference occurs because a transition arises in one period but can be reversed in another. You need to pay careful attention to deferred tax, to the tax rates applied, and to the correct material disclosures relating to any deferred tax assets or liabilities.

This course will help you understand why deferred tax should be recognised, the importance of timing differences, which tax rates should be used for its calculation, and the fundamental rules for recognising deferred tax assets.

Look inside

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Contents

  • Deferred tax: the basics
    • Defining deferred tax
    • Deferred tax explained
    • What to bear in mind
    • Tax regime differences
    • Common problems
  • Tax rates
    • Tax rates and deferred tax
    • Changes in tax rate
    • Tax rate change timings
    • The wrong tax rate
    • Further considerations
    • Assets and liabilities
  • Accounting for deferred tax
    • Remeasuring investment property
    • Investment property gains and losses
    • Property, plant and equipment revaluations
    • Defining a business combination
    • Deferred tax and business combinations
  • Deferred tax assets and liabilities
    • Deferred tax assets
    • Presentation of deferred tax liabilities
    • Disclosure requirements for deferred tax
    • Creating deferred tax assets

How it works

Author

Steve Collings

Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA’s Practice Network Panel.

Reviews

4.6
(7 reviews)
5
4
3
2
1
 
 
 
 
    EJ
    Esther J
    11 Apr 2025
    11 Apr 2025
    I chose this course because I really don't like it but understand how important it is to get to grips with the different treatments of DT and how and when to recognise it. The course is laid out very clearly and builds up at a good pace. I do feel more comfortable to be more proactive in discussions involving deferred tax.
    BT
    Blanca T
    15 Feb 2025
    15 Feb 2025
    Informative
    JA
    Jennifer A
    30 Dec 2024
    30 Dec 2024
    very good
Recommended

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Use ACPD101 for 10% off any purchase.