Tax Provisions in Financial Statements - Accounting & Audit Considerations

Introduction

Preparing and auditing tax provisions under FRS 102 can be challenging, particularly where significant judgement or uncertainty exists.

This webinar provides a practical guide to the key accounting and auditing issues arising in relation to current tax, deferred tax and other tax-related provisions. It will also examine a number of topical and contentious areas, helping delegates better understand the practical application of FRS 102 requirements and related disclosure obligations.

What You Will Learn

This webinar will cover the following:

• Calculating the income tax charge and related provisions
• Treatment of other tax charges, including VAT and business rates
• Exploration of current contentious areas, including:
  • Carry forward losses
  • R&D tax credit claims
  • Other subjective or uncertain tax positions - recent changes in FRS 102
• Deferred tax provisions - an overview of key principles and application to common issues such as capital allowances and loss carry forward
• Disclosure requirements, including preparation of the tax reconciliation note