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Commission Regulation (EU) 2017/1989 of 6 November 2017 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 12 (Text with EEA relevance) (revoked)

EU Regulation 2017/1989 · Adopted 6 November 2017 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Commission Regulation (EU) 2017/1989

of 6 November 2017

amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 12

(Text with EEA relevance) (revoked)

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Annotations to the whole text

Textual amendments

F1

Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 57 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)

Contents

  1. 1Article 1 Repealed
  2. 2Article 2 Repealed
  3. 3Article 3 Repealed
  4. Signature
  5. Annex Repealed
  6. Recognition of Deferred Tax Assets for Unrealised (Amendments to IAS 12) Repealed
  7. Amendments to IAS 12 Income Taxes Repealed
  8. Deductible temporary differences Repealed
  9. 24A deferred tax asset shall be recognised for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilised, unless the deferred tax asset arises from the initial recognition of an asset or liability in a transaction that: Repealed
  10. 26The following are examples of deductible temporary differences that result in deferred tax assets: Repealed
  11. Example illustrating paragraph 26(d) Repealed
  12. 27Division 27 Repealed
  13. 27ADivision 27A Repealed
  14. 28It is probable that taxable profit will be available against which a deductible temporary difference can be utilised when there are sufficient taxable temporary differences relating to the same taxation authority and the same taxable entity which are expected to reverse: Repealed
  15. 29When there are insufficient taxable temporary differences relating to the same taxation authority and the same taxable entity, the deferred tax asset is recognised to the extent that: Repealed
  16. 29ADivision 29A Repealed
  17. EFFECTIVE DATE Repealed
  18. 98GDivision 98G Repealed

1F1

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2F1

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3F1

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Signature

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Recognition of Deferred Tax Assets for Unrealised (Amendments to IAS 12)F1

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Amendments to IAS 12 Income TaxesF1

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Deductible temporary differencesF1

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24A deferred tax asset shall be recognised for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilised, unless the deferred tax asset arises from the initial recognition of an asset or liability in a transaction that:F1

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26The following are examples of deductible temporary differences that result in deferred tax assets:F1

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Example illustrating paragraph 26(d)F1

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27F1

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27AF1

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28It is probable that taxable profit will be available against which a deductible temporary difference can be utilised when there are sufficient taxable temporary differences relating to the same taxation authority and the same taxable entity which are expected to reverse:F1

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29When there are insufficient taxable temporary differences relating to the same taxation authority and the same taxable entity, the deferred tax asset is recognised to the extent that:F1

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29AF1

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EFFECTIVE DATEF1

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98GF1

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