Deferred Tax

To access this screen select Edit, Deferred Tax.

The deferred tax screens interact with data entered in Accounts Production and Business Tax so some of the fields used to calculate deferred tax are completed automatically by IRIS.

The screens in the deferred tax menu are:

Accelerated capital allowances.

Short term timing difference.

Reconciliation of tax charge

There is also a quick guide for deferred tax that explains how and why deferred tax is calculated.