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Tax credits tax effected in deferred tax

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edited May 7, 2021 2:47PM in Tax Reporting 2 comments

Summary

Do not want opening or tax credits tax effected in deferred tax

Content

The opening balance in the temporary difference form for tax credits in correct on the temp difference form. The amount should not be tax effected ,eg 100,000 in temp tax credits at 25% tax is shown in error as 25,000 on deferred form, but should be 100,000.  This is the treatment in HTP and what this same treatment in TR.  

 

In the screen shot the -207,848 is recalculated at -35,334 in error. It should say at -207,848

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