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Deferred taxation, or deferred tax, refers to the process of postponing the payment of taxes to a future period. This can occur when a company has a difference between their accounting profits and their taxable profits, which may be due to differences in accounting and tax regulations. The implications of deferred taxation can be significant, as it can impact a company's financial statements and overall financial performance.

One of the main implications of deferred taxation is that it can create a temporary difference between a company's accounting profits and taxable profits. This means that a company may report higher accounting profits than taxable profits in one period, which can result in a lower tax bill. However, in a future period, the company may report lower accounting profits than taxable profits, which can result in a higher tax bill. This can create volatility in a company's financial statements and may make it difficult to accurately predict future tax liabilities.

Another implication of deferred taxation is that it can impact a company's cash flow. When a company defers tax payments, they are essentially borrowing from the government. This can create a cash flow advantage in the short term, as the company has more cash on hand to invest in their business. However, in the long term, the company will need to pay the deferred taxes, which can impact their cash flow and financial stability.

In summary, deferred taxation can have significant implications for a company's financial statements,