Deferred tax

Question 1

When does it arise

Answer 1

Temporary differences between carrying amount of an asset and the tax base amount.

Movement in in deferred tax position goes to P&L

Question 2

Tax base 
PPE
Provisions
SBP
Intangibles

Answer 2

For things like PPE its cost less capital allowances.
Provisions (carrying value is always negative) = 0
SBP (use intrinsic value not carrying and is a negative) = 0
Intangibles = 0
Tax authorities dont like estimates and the above are all accrual basis and tax is normally more cash basis

Question 3

Tax rate

Answer 3

Use the rate at which the asset/liability will be settled at (providing the rules for the new % rate has been approved)

Question 4

Liability of asset

Answer 4

If carrying is greater than tax base = liability

If carrying value is less than tax base = asset