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Rounding

Forums › ACCA Forums › ACCA TX Taxation Forums › Rounding

Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 28, 2010 at 9:55 pm #46340
    ACCA LOVER!!!
    Member
    • Topics: 32
    • Replies: 52
    • ☆☆

    Hi Again,

    Is it right in tax that everything is rounded down? So for example even if you calculate 2390.9 you round down to 2390?

    And for calculating the car benefit Co2 % you round down?

    Thanks

    Jen

    November 30, 2010 at 1:38 pm #71913
    rajad2010
    Member
    • Topics: 6
    • Replies: 52
    • ☆☆

    You are correct, in my point of view. Any tax returns etc should be rounded down to the nearest pound and same with the CO2 emission % is rounded down to the lowest 5 for example if a car has an ommission of 153g you’ll round it down to 150 and then deduct from 135g.

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