Deferred tax proof

Overview

Click the Reports tab > Deferred Tax Proof.

If the Deferred Tax Proof report is not available, check that the Accounting for deferred tax feature is turned on. Within the entity’s Income tax return, click the Settings tab > Settings. Then in the Provision Settings section > Accounting for deferred tax option, ensure Yes is selected.

Default view

By default, the standard format of the Deferred Tax Proof displays.

Advanced view

To view the Advanced report format, click the Advanced button in the top right corner. 

Customise the deferred tax types

You can edit the default deferred tax type labels, delete a tax type or add a new one to meet your requirements.

Add a deferred tax type

1. On the Deferred Tax Proof page (any tab), click the Edit Type button.
2. Click the New Type button.
3. Enter the name of the new deferred tax type.
4. Click Save.

Edit a deferred tax type name

1. On the Deferred Tax Proof page (any tab), click the Edit Type button.
2. Click the Settings button of the deferred tax type you want to edit, then click Edit.
3. Edit the name of the deferred tax type.
4. Click Save.

Delete a deferred tax type

1. On the Deferred Tax Proof page (any tab), click the Edit Type button.
2. Click the Settings button of the deferred tax type you want to edit, then click Delete.

Reclassify deferred tax note disclosures

1. On the Deferred Tax Proof page (any tab), click the Settings button of the line item, then click the required option.

Add a prior period account balance

1. On the Deferred Tax Proof page, click the Prior Period tab.
2. Click the Edit button.
3. Enter the account balance(s).
4. Click the Done button.

Derecognise deferred tax

You can derecognise any deferred tax balances from the prior period account, prior period return or current period.

1. On the Deferred Tax Proof page, click the Recognition tab.
2. Click the Edit button.
3. Enter the amount(s) into the Unrecognised column(s).
4. Click the Done button.

Reclassify the deferred tax asset and liability

1. On the Deferred Tax Proof page, click the Classification tab.
2. Click the Settings button of the line item, then click either the Net deferred tax asset or Net deferred tax liability option.
   

Reclassify current and non-current deferred tax

1. On the Deferred Tax Proof page, click Classification
2. Click the Edit button.
3. Enter the amount(s) into the Non-Current column(s).
4. Click the Done button.

Reclassify deferred tax movement from profit or loss

You can reclassify deferred tax movement from Profit or loss to: Other comprehensive income, Reclassified from equity to profit or loss, Directly to equity, and Acquisitions or disposals.

1. On the Deferred Tax Proof page, click the Note Disclosures
2. Click the Edit button.
3. Enter the account balances.
4. Click the Done button.