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Ask the Tutor ACCA TX-UK

personal allowances

Former userFormer user6y ago

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TTTax Tutor6y ago#1
Have you worked through the study notes and lectures for chapter 2? if the donation had been put through the statement of profit or loss then it would have already been added back in computing the adjusted trading profit of the business - what you show above is a totally separate issue of dealing with a reduction in the PA as the ANI of the taxpayer exceeds 100,000
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