IFRS and Tax Computations

Introduction

Tailored training for finance and corporate taxation professionals
Drawing on over 80 years' experience and a wealth of information from our specialist publications and advisers, LexisNexis Tolley® is uniquely placed to offer you leading-edge training and guidance in taxation.
Our corporate tax courses have been developed in response to previous attendees' feedback and are aimed at tax advisers, financial advisers and accountants working in-house or in private practice.
All our tutors are experts in their fields and have been chosen for their ability to communicate their detailed knowledge. Their career experiences ensure they are in tune with the latest sector developments and are able to tailor the course programmes to meet your requirements.

Benefits

After attending this course you will be able to:

• Appreciate the importance of GAAP in the taxation of company profits
• Understand the impact for tax on the first time adoption of IFRS
• Understand how the taxation of accounting profits prepared in a foreign currency has been impacted by IAS 21
• Explain why accounting under IFRS may impact the taxation and the relief for expenditure on intangible assets and goodwill
• Appreciate the importance of IAS 39 on the measurement of financial instruments in accounts and in particular its direct impact on taxing fair value movements on derivatives and some loan relationships
• Understand the requirement under IAS 39 to 'bifurcate' hybrid contracts and the tax implications of doing so
• Deal confidently with the tax implications of hedging under IAS 39 and understand the importance of the Disregard Regulations
  

Who Should Attend

This course is essential for tax professionals working in-house or in practice that are currently, or will be in the near future, involved in preparing and advising on computations for companies that have already adopted, or are expected to adopt, IFRS or 'modified' UK GAAP.