Disallowable expenditure: Difference between revisions
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== See also == | == See also == | ||
* [[Expenditure]] | |||
* [[Tax computation]] | * [[Tax computation]] | ||
* [[Tax relief]] | * [[Tax relief]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 16:55, 17 September 2019
Tax.
Amounts paid out by a taxpayer which are not eligible for tax relief.
Such amounts charged to accounting profits would be added back to the accounting profits, in the calculation of taxable profits in the taxpayer's tax computation.
For this reason they are sometimes known as 'addbacks'.
