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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Tax adjusted Trading Profits
Dear tuitor,
Please clarify Is Car parking fine expenses occurred by the proprietor during business traveling allowed expenses or not?
can i please reply while you wait from the tutors reply:
The car parking fines by the proprietor is never an allowable expenses for the purposes of computing TATP. However, car parking fines incurred by an employee whilst being on work is an allowable deduction.
Hope this sounds ok.
Thank you so much vrindaaghi. I understand it.
Well done you two you seem to have sorted that problem out very nicely!