Taxation of Provisions and Accruals

A new Tax and Duty Manual Part 04-05-06 - Taxation of Provisions and Accruals - has been published. It replaces pages 14 and 15 of Tax Briefing 41 (September 2000).

It takes account of recent changes to Irish generally accepted accounting practice (GAAP) as a result of efforts to converge United Kingdom and Irish GAAP with European Union-endorsed International Financial Reporting Standards (known as IFRS).

The new guidance confirms that the taxation of provisions and accruals remains unchanged under current Irish GAAP.

20 December 2018