Include income tax in one note

To include income tax in one note:

  • Click the  Report options cog
  • Search for Include income tax in one note 
  • Set to On
  • All sections will be in the Income tax note

The following notes will turn off (they can be turned back on via Sections > Notes):

  • Income tax refund due
  • Deferred tax asset
  • Provision for income tax
  • Deferred tax liability

It is suggested to use this option when flipping between a net deferred tax asset and liability between the current and comparative periods.

Always non-current

  • Deferred tax assets are always classified as non-current in the statement of financial position
  • IAS 1 (56) specifically states an entity 'shall not classify deferred tax assets (liabilities) as current assets (liabilities)'