I have a client who has a deferred tax credit balance on the balance sheet of £4,226. This is the first year we have prepared accounts for them and the previous accountant was very unhelpful with the information we receieved. I have tried to re-do the deferred tax calcualtion based on previous years accounts and I can not get the same figure they did.
How would I treat this in the accounts this year? There is no deferred tax this year.