Tax charge to profits $47 500 Company income tax liability for the year $56 000. Deferred tax liability at start of year $34 000 Deferred tax liability at end of year $28 000 Rasputin has always paid its tax due on time. What is the under or over-provision relating to the previous year?

Answer rating: 100% (QA)

To calculate the under or overprovision relating to the previous year we need to compare the tax cha... View the full answer