MUEFC Limited purchased a machine on 1 January 2017 for €48,000, which is estimated to have a useful economic life of seven years and a residual value at the end of its useful life of

€6,000. MUFC Limited pays tax at 30% and MUFC Limited’s tax authority grants capital allowances at a rate of 25% on a reducing balance basis (rounded up to the nearest thousand).

MUFC Limited's profit before tax for each of the years 2017 to 2023 is estimated to be €80,000. Requirement Calculate the provision for deferred taxation and the tax charge to be included in MUFC Limited’s SPLOCI for each of the years 2017 to 2023.