.IE Annual Report 2022

11. Debtors: amounts falling due within one year 2022 2021 € € Prepayments and accrued income 281,267 218,287 281,267 218,287 12. Creditors: amounts falling due within one year 2022 2021 Note € € Trade creditors (a) 90,466 75,161 Customer Deposit accounts 499,847 496,732 Other creditors 90,036 88,441 Corporation tax payable 107,708 7,302 Other taxes and social security costs 2,405 15,942 Accruals (b) 303,081 555,607 Deferred income (c) 2,985,676 2,976,122 4,079,219 4,215,307 Other taxes and social security costs include: € € VAT 2,405 15,942 2,405 15,942 12(a)  The payment terms of trade creditors vary between on demand and ninety days. No interest is payable on trade creditors. Tax and social insurance are subject to the terms of the relevant legislation. Interest accrues on late payment at the rate of 0.0274% for each day or part of a day for which payment is overdue. No interest was due at the financial year end date. 12(b) The terms of the accruals are based on the underlying contracts. Other amounts included within creditors not covered by specific note disclosures are unsecured, interest free and repayable on demand. 12(c) The accounting policy for deferred income is outlined in Note 2.3. 13. Deferred Taxation 2022 2021 € € At 1 January 167,524 114,059 (Released)/Charged within current tax charge for year (183,807) 53,465 At 31 December (16,283) 167,524 The deferred tax charge/(credit) relates to the origination/(reversal) of timing differences that arise between the recognition of gains and losses in the financial statements and their recognition in the tax computation. .IE is the trading name of IE Domain Registry CLG / Annual Report & Review 2022 47 Financial Statements