Reviewing the effective tax rate and total tax charge regional actual reports

Tax Provision calculates the effective tax rate (ETR) reconciliation at the regional statutory level. The statutory report captures the following items on a gross and tax-affected basis from Tax Provision:

• net income before tax
• net income before tax adjustments
• permanent GAAP/IFRS adjustments
• permanent adjustments
• regional permanent adjustments
• share-based payments
• change in regional deferred tax not recognised
• regional losses used and not previously recognised
• additional charges

Statutory Effective Tax Rate report (RA1501)

This report contains the following symbols in the Elements dimension (across):

• GRSCYTPR_IAS—Current Year (Income Statement)

  This column represents the gross amounts entered in the Current Tax Charge input app (RA1201).

• NetRTaxEffectS_IAS—Tax Effect (Regional - Statutory)

  This column represents the net tax effect for values in the Current and Deferred Tax.

• TTaxPct—% (Regional - Statutory)

  This column represents the IFRS Tax Effect divided by Current year (Income Statement).

To review the Statutory Effective Tax Rate report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Regional Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity.

   For more information, see “Using the Symbol Selector”.

4. Click RA1501 - Statutory Effective Tax Rate.rtp. The report opens in the workspace.
5. Review the data for the following:
   • net income before tax
   • net income before tax adjustments
   • GAAP/IFRS permanent adjustments
   • STAT to Tax permanent differences
   • IFRS adjustments
   • total regional total tax charge
   • total other tax charge
   • country book tax income
   • total regional tax charge reversal
   • special deductions
   • adjusted country book tax income
   • regional tax rate
   • calculated regional total charge
   • regional change in deferred tax not recognised
   • regional losses used and not previously recognised
   • regional additional charges
   • calculated regional total charge

Total Tax Charge report (RA1502)

Tax Provision calculates a regional total tax charge, which is equal to the regional current and deferred charges, in a format similar to the current tax charge. It produces the same result as the Regional Statutory Effective Tax Rate reconciliation. The system’s total tax charge is set up as an independent calculation of an entity’s total tax charge by adjusting an entity’s profit before tax by permanent differences only. The resultant tax charge is then adjusted for any adjustments that are not based on current year P/L activity.

To review the Regional Total Tax Charge:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Regional Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity.

   For more information, see “Using the Symbol Selector”.

4. Click RA1502 - Total Tax Charge.rtp. The report opens in the workspace.
5. Review the data for the following:
   • net income before tax
   • net income before tax adjustments
   • GAAP/IFRS permanent adjustments
   • STAT to Tax permanent differences
   • IFRS adjustments
   • total regional total tax charge
   • total other tax charge
   • country book tax income
   • total regional tax charge reversal
   • special deductions
   • adjusted country book tax income
   • regional tax rate
   • calculated regional total charge
   • regional change in deferred tax not recognised
   • regional losses used and not previously recognised
   • regional additional charges
   • calculated regional total charge