New UK GAAP - The Tax Impact

New UK GAAP is a fundamental change to the presentation of company financial statements. This course will look at the impact of New UK GAAP on the calculation of corporation tax, the changes to deferred tax and the presentation of current and deferred tax for companies.

Areas are likely to include:

• Review of the changes under New UK GAAP
• Impact on corporate tax calculations
• Changes in deferred tax calculations
• Specific areas covered include:
  • Revalued properties
  • Loan relationships and foreign exchange contracts
  • Goodwill and other intangibles
  • Long term employment provisions
  • Business combinations
  • Lease incentives
• Transitional period
• Disclosure