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Home / Simons-Taxes /Corporate tax /Part D7 Financial service sectors /Division D7.4 Life insurance and friendly societies etc /Transitional provisions / D7.495 Transition—analysing the total transitional difference
Commentary

D7.495 Transition—analysing the total transitional difference

Corporate tax

Having calculated the total transitional difference, the company must deconstruct it into its component parts by reference to its 2012 regulatory return and statutory accounts balance sheet, identifying each as a positive or negative amount1.

Although arguably self-evident

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