I have a set of accounts in Taxfiler for a Ltd Co. The year in question is a loss, but with a Cr to the P&L for deferred tax.
On the final accounts, this is presented as "Tax Repayment."
Clearly this isn't ok - my client is not getting a repayment (was a loss LY as well) and the accounts should not be showing as such.
I've emailed Taxfiler but was just wondering if anyone else had seen the same, and if there is a way round it? I suspect this is just how Taxfiler is coded, which would be rather annoying, so I'm hoping it's something else (possibly user error, though I don't think so!).
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Surely the deferred tax expense is part of "Tax on profit on ordinary activities" in the FRS 102 Section A Income Statement? What has the change in deferred tax been posted against on the Balance Sheet?
I am afraid I have been unable to duplicate your observations with FRS 102 Section A accounts. I notice that Taxfiler doesn't change its Trial Balance template when you use FRS 105 to prevent the use of deferred tax. I notice that when incorrectly entering a deferred tax refund in FRS 105 you do see "Tax" followed by the "refund" in the income statement. My limited knowledge of your experience (gained only from Accountingweb) convinces me that the two observations are unconnected, however.