| Links from Section 111X | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
“unclaimed accrual” means any increase in a deferred tax liability recorded in the financial accounts of a constituent entity for a fiscal year that is not expected to be paid within the period referred to in subsection (9), and for which the filing constituent entity elects, in accordance with section 111AAAD, not to include in total deferred tax adjustment amount for that fiscal year. |
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Taxes Consolidation Act, 1997 |
(b) the amount of the recaptured deferred tax liability determined for the current fiscal year shall be treated as a reduction to the covered taxes in the fifth year preceding the current fiscal year and the effective tax rate and top-up tax of that fiscal year shall be recalculated in accordance with section 111AF. |
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Taxes Consolidation Act, 1997 |
(c)Subsection (5)(a) and section 111AW(2) shall apply to the substitute loss carry-forward deferred tax asset. |
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Taxes Consolidation Act, 1997 |
(a) equal to or less than the minimum tax rate, the total deferred tax adjustment amount to be added to the adjusted covered taxes of a constituent entity for a fiscal year pursuant to section 111U(1)(b) shall be the deferred tax expense accrued in its financial accounts for a fiscal year with respect to covered taxes, or |
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Taxes Consolidation Act, 1997 |
(b) greater than the minimum tax rate, the total deferred tax adjustment amount to be added to the adjusted covered taxes of a constituent entity for a fiscal year pursuant to section 111U(1)(b) shall be the deferred tax expense accrued in its financial accounts for a fiscal year with respect to covered taxes recalculated at the minimum tax rate. |
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| Links to Section 111X (from within TaxSource Total) | ||
| Act | Linked from | Context |
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Taxes Consolidation Act, 1997 |
Section 111X(1), in the definition of ‘‘unclaimed accrual’’ |
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Taxes Consolidation Act, 1997 |
(ii)section 111X(9) shall not apply to any deferred tax liability that was taken into account in calculating the effective tax rate for the purposes of determining the domestic top-up tax of the qualifying entity for a fiscal year prior to the new transition year, that was not recaptured prior to the new transition year; |
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Taxes Consolidation Act, 1997 |
(iii)section 111X(9) shall apply to deferred tax liabilities that are taken into account in, and subsequent to, the new transition year; |
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Taxes Consolidation Act, 1997 |
(iii)section 111X(9), |
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Taxes Consolidation Act, 1997 |
(5)(a) For the purposes of section 111X(9), where a deferred tax liability of a target entity has previously been included in its total deferred tax adjustment amount, it shall be treated as reversed by the disposing MNE group or large-scale domestic group and shall be treated as arising from the acquiring MNE group or large-scale domestic group in the acquisition year. |
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Taxes Consolidation Act, 1997 |
(b) Where paragraph (a) applies, any subsequent reduction of covered taxes pursuant to section 111X(9) shall have effect in the fiscal year in which the amount is recaptured. |
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Taxes Consolidation Act, 1997 |
(b) the total deferred tax adjustment amount as set out in section 111X, |
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Taxes Consolidation Act, 1997 |
(b) notwithstanding sections 111U(3)(a) and 111X(5)(a), include all current and deferred tax expense in respect of the amounts referred to in paragraph (a) in the calculation of its adjusted covered taxes, subject to the provisions of this Part. |
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Taxes Consolidation Act, 1997 |
(1)(a)Section 111X shall not apply where a filing constituent entity makes a qualifying loss election for a jurisdiction. |
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Taxes Consolidation Act, 1997 |
(b) the deferred tax assets and deferred tax liabilities for the jurisdiction, if any, shall be taken into account as if they had been calculated in accordance with section 111X and 111AW for the prior fiscal year. |
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