I once thought that something should be deducted from profits before tax is something that should not be adjusted in the proforma to get tax adjusted trading profit. But I do not think I am right. For example, pre-trading expenditure can be deducted at the first year of trade, which needs to adjust(deduct from...), I just wonder if I have a right view.
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Tax adjusted trading profit
Sorry but I am uncertain what you mean in your first sentence above. I would propose simply learning the rules as given - see OT notes chapter 4, or otherwise can you try to explain what is your query above?
I got it.:)
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