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indexation allowance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › indexation allowance

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Tax Tutor.
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  • September 18, 2016 at 2:27 pm #340849
    Jean96
    Member
    • Topics: 77
    • Replies: 67
    • ☆☆

    why do we need to round off indexation allowance to 3 dp

    September 26, 2016 at 11:45 am #341737
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Because that is the rule they decided to use! The only time we do not use 3dp is when reindexing the share pool for companies.

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