Disclosure
There should be an explanation of the relationship between tax expense (income) and accounting profit in either or both of the following forms:
(i) a numerical reconciliation between tax expense (income) and the product of accounting profit multiplied by the applicable tax rate, disclosing also the basis on which the applicable tax rate is computed, or
(ii) a numerical reconciliation between the average effective tax rate and the applicable tax rate, disclosing also the basis on which the applicable tax rate is computed, for example, tax rates which have been enacted or substantially enacted by balance sheet date