Authorised Investment Fund
Corporation Tax
Group Module
Investment Trust
Life
Hotline
Pack development
Irish Corporation Tax
Partnership Tax
Partnership Gains
Administrator
Tracker
Hong Kong Profits Tax
VAT
Personal Tax
Corporation Tax Lite
Group tax provisions |
See Also
A schedule - Group summary | Group deferred taxation summary | Non Abacus company | Tax account | Tax notes
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule provides an aggregation of the totals for deferred and current tax provisions in the underlying files, showing the brought forward, movement and carry forward position for each linked company.
This sheet will be developed as part of the UK GAAP group tax accounting sheets. The group tax accounting sheets can be developed from either A from Develop, Other, Group Tax Account or from B or D from Develop, Group Tax Account.
Structure of the schedule
Each linked file will have four rows on the schedule, two of them representing the total deferred tax and current tax provisions, the other two to enable the tracking of payments and receipts for group relief and other payments.
A total is provided for each of the four sections of the schedule, and an overall total of the deferred and current tax figures.
Entering the actual charge in the accounts
The actual tax charge in the accounts should be entered at the foot of the profit and loss column; the system provides a warning if this does not agree with the figure calculated by the schedule.
Inserting additional rows
Additional rows may be inserted in each of the sections of the schedule to allow for Non Abacus companies, consolidation adjustments and the inclusion of details from companies not otherwise included in the group file.
The figures must be entered manually for non Abacus companies or where an underlying computation does not contain deferred tax schedules.
Display company details
The user may choose, by means of a selector at the top of the schedule, whether and how to print the company details shown on the schedule.
© 2009 Thomson Reuters.