182 Total deferred tax adjustment amount
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Dealing with deferred tax assets etc

182  Total deferred tax adjustment amount

(1)     The total deferred tax adjustment amount for a member of a multinational group for an accounting period is the deferred tax expense relating to covered taxes reflected in the member's underlying profits, adjusted as follows.

(2)     The deferred tax expense is to be adjusted to exclude the following—

(a)     any amount of that expense that reflects items not reflected in the member's adjusted profits;

(b)     any amount of that expense that reflects disallowed accruals or unclaimed accruals;

(c)     the impact of a valuation adjustment or accounting recognition adjustment with respect to a deferred tax asset;

(d)     any amount of that expense arising from

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