Train your brain: IAS 12 Income tax You (the senior accountant) are responsible for a junior accountant that was recently employed at your company, SURGE LIMITED. The junior accountant was given the task of calculating deferred tax and then disclosing the income tax expense and deferred tax in the annual financial statements of Surge Limited for the year ended 31 December 2023. He was however not required to complete the tax reconciliation part of the income tax expense