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Fiinu (LSE:BANK) Tax Expense : £0.24 Mil (TTM As of Jun. 2024)


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What is Fiinu Tax Expense?

Fiinu's tax expense for the months ended in Jun. 2024 was £0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2024 was £0.24 Mil.


Fiinu Tax Expense Historical Data

The historical data trend for Fiinu's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fiinu Tax Expense Chart

Fiinu Annual Data
Trend Mar19 Mar20 Mar21 Dec22 Dec23
Tax Expense
-0.02 -0.07 -0.10 -0.38 -0.02

Fiinu Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.38 -0.25 0.24 -

Fiinu Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.24 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fiinu  (LSE:BANK) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Fiinu Tax Expense Related Terms

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Fiinu Business Description

Traded in Other Exchanges
Address
Baker Street, Ibex House, Weybridge, Surrey, GBR, KT13 8AH
Fiinu PLC is a digital banking platform intended to unbundle overdraft solutions without needing to switch banks. The company offers led interest income, deposit margin banking infrastructure provider and helps to manage budget or those short-term unexpected costs, in a simple and responsible way, thereby assisting individuals with short-term unexpected expenses while maintaining financial prudence to reshape banking into a hassle-free, transparent, and efficient journey.

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