Deferred Tax Explained
*This is the new re-make of our Deferred Tax Masterclass*
Deferred tax simplified. Listen along to Neil Da Costa make the topic of deferred tax easy!
MORE ACCA REVISION
• ACCA Revision
00:00 - 00:58 Intro
00:58 - 02:22 Introduction to Tax in financial Statements
02:22 - 09:24 What is Deferred Tax?
09:24 - 14:50 Other Temporary Differences
14:50 - 19:32 Tax Losses
19:32 - 21:44 Consolidations
21:44 - 22:48 Essential Technical Knowledge
Пікірлер: 23
Thank very much Neil for telecasting this video, it’s really Informative, resourceful & worth watching it, good job and expecting more articles like this 👍
Astounding explanation of the concept. Thanks for helping out. Really appreciate your efforts.
Excellent video. Thanks Neil :)
Thank you so much Neil very well explained….
Good explanation. Thank you very much.
Thanks alot!!
Absolutely useful... I had a hard time understanding this concept... Thanks anyway
thank you
6:45 where does the $50 000 come from?
Thank you so much for explaining this, but I don't see the DTA in this video and want to know about it too.
@KaplanUK-EN
3 ай бұрын
Hi there, DTA is deferred tax asset, and DTL is deferred tax liability!
@thoeurnsavoeurn3910
3 ай бұрын
I want to know about DTL and when it clear from this account(DTL)?
where can we see an example of the deferred asset losses?
Great lecture from kaplan. Very helpful. Thank you very much 👍🏾👍🏾👍🏾
@anandudinesh9640
Жыл бұрын
hey why did he increased the differed tax liability to .5m?
@anthonyparry2852
Жыл бұрын
@@anandudinesh9640 The deferred tax liability was increased by 0.5m, not 5m. The asset was revalued to 5m, whilst the tax base remained the same at 2m. That created a temporary taxable difference of 3m. Multiplying this 3m by the tax rate (20%) gives you deferred tax liability of 0.6m. But since the tax liability account already carries 0.1m, all you need to do is add 0.5m to the tax liability account to get to the total tax liability of 0.6m. I hope I was able to help?
@anandudinesh9640
Жыл бұрын
@@anthonyparry2852 why we are increasing the liability to 0.5 instead off adding the 0.1 existing liability with the deferred tax liability of 0.6 m... please explain :)
@dexterdex9206
Жыл бұрын
@@anandudinesh9640 Deferred tax liability due to revaluation = 3M x 20% Tax rate = 0.6M. In Deferred tax liability account we have already recognised DTL of 0.1M, so to make it to 0.6M you need to credit 0.5M only. So now DTL is at 0.6M.
@dexterdex9206
Жыл бұрын
Remember we are recognising the movement in DTL. Before revaluation it was only 0.1M now after revaluation it the DTL is at 0.6M.
Question two the deferred is 0.2mil and not 0.1mil
Great intro but then didn't actually explain what a DTA or DTL is :(
@KaplanUK-EN
Жыл бұрын
Hi there, DTA is deferred tax asset, and DTL is deferred tax liability!
Chai.... I'm done for.... I'm going broke 😭😭😭😭😭😭😭😭