Updating The Deferred Tax Not Recognised

You can use the Deferred Tax Not Recognised input app to adjust the closing regional deferred tax balances generated from the temporary difference information to reach balances that appropriately reflect the regional deferred tax assets and liabilities for your entity. For example, you can choose to not recognize a deferred tax asset created from a tax loss. The input app displays the closing balances on a line-by-line basis and you have the option to adjust any of these balances. The change in deferred tax from one reporting period to the next flows through to the Effective Tax Rate report. You can review the closing balances after deferred not recognised and the change in deferred tax not recognised is included within the current year movement in the Deferred Tax Account report.

Deferred Tax Not Recognised input app (RA1405)

Use this input app to adjust the deferred tax closing balances for any amounts that should not be recognised.

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

• NetREOYDTNR_IAS — Regional EOY - DTNRC

  This column represents the calculated deferred tax asset/(liability) closing balance.

• NetRDTNR_IAS — Regional Deferred Tax Not Recognised

  This column represents the amount of deferred tax not recognised. You must input values for this column manually.

• NetRDTRec_IAS — Regional Deferred Tax Closing Balance Recognised

  This column represents the total deferred tax closing balance recognised. This column is calculated (NetREOYDTNR_IAS + NetRDTNR_IAS).

• NetRDTNRPY_IAS — Regional Deferred Tax Not Recognised - Prior Year

  This column represents the deferred tax not recognised from the previous year. These values are populated from the rollover.

• FORMULA — Change in Regional Deferred Tax Not Recognised

  This column represents the total change in deferred tax not recognised. This value is calculated.

To update the regional deferred tax not recognised:

1. In the Tax Provision navigation pane, click Data Collection.
2. Click the arrow to 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 RA1405 - Deferred Tax Not Recognised.lvapp. The input app opens in the content pane.
5. Review the account values for each appropriate element. For detailed information on the accounts in this report, see Temporary Differences input app (RA1301) or Temporary Differences - Balance Sheet Method elements.
6. When you are finished, click the Submit button.

Deferred Tax Recognised Percentage report (RA1407)

Use this report to view the regional calculated recognised percentages for deferred tax accounts. This is the percentage of the end of year total that is recognised.

To review the deferred tax recognised percentages:

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 RA1407- Deferred Tax Recognised Percentage.rtp. The report opens in the workspace.
5. Review the account values for each element.