Corporation tax

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
November 26, 2019 at 9:35 am #553800
niki27
Member
- Topics: 82
- Replies: 15
Dear sir,
I have a doubt regarding corporation tax.

I read in some notes that allowable expenses ( in the calculation of tax adjusted trading profit) while subtracted, they are written as 0 as they don’t require adjustment.

Is this the correct approach or do we subtract this?

Thanks
November 27, 2019 at 10:24 am #553887
Tax Tutor
Member
- Topics: 2
- Replies: 3960
If an expense deducted in the statement of profit or loss is an allowable expense for tax purposes then zero adjustment is required
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.