An entity acquired plant and equipment for EUR 2m on 1 January 2009. The asset is depreciated at 25 per cent a year on a straight-line basis, and local tax legislation permits the management to depreciate the asset at 30 per cent a year for tax purposes. 

Calculate any deferred tax liability that might arise on the plant and equipment at 31 December 2009, assuming a tax rate of 30 per cent.