Section B: Category A and B reportable tax positions

You need to disclose Category A and B reportable tax positions in section B.

You only need to disclose Category A positions that exceed your entity's materiality amount.

You must confirm if your entity has any Category A or Category B disclosures.

Tax positions that are a Category C and Category A or B reportable tax position must be disclosed under section C. You must select No if your entity has a reportable tax position that is both a Category C and Category A or B position.

If you select No, go to Section C: Category C reportable tax positions.

If you select Yes, the next question will ask how many Category A or B reportable tax positions you are reporting.

Category A: Tax uncertainty in your entity's company tax return

A Category A reportable tax position is one where, given relevant authorities, you consider the position taken is either:

• about as likely to be correct as incorrect
• less likely to be correct than incorrect.

See also:

• Guidance on reportable tax position Category A

Category B: Tax uncertainty in financial statements

You must disclose a position as a Category B reportable tax position where your entity:

• prepares financial statements in accordance with the relevant accounting standards, including but not limited to applying