The Adoption of Partial Deferral in the Uk, 1977–78: Evidence on an Accounting Choice

This study uses logit analysis to test the relationship between the UK deferred tax accounting decision in 1977–78, when SSAP 11 had been withdrawn and not yet replaced by SSAP 15, and a number of variables or corporate charac‐teristics drawn from the largely American accounting policy choice and the more specific UK deferred tax literatures. The findings, of a significant association between several of these variables and the UK deferred tax accounting decision of 1977–78, suggest that further tests of the determinants of accounting policy choice in the UK should include variables that reflect direct, indirect and neutral managerial interests.