Tax reconciliation: Difference between revisions
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# The reported tax charge (or credit) in financial statements; and | # The reported tax charge (or credit) in financial statements; and | ||
# The standard rate of corporation tax applied to the reported accounting profit (or loss). | # The standard rate of corporation tax applied to the reported accounting profit (or loss). | ||
In this context item 2. above is sometimes known as the 'expected tax charge'. | In this context item 2. above is sometimes known as the 'expected tax charge'. | ||
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== See also == | == See also == | ||
* [[Deferred tax]] | |||
* [[Effective tax rate]] | * [[Effective tax rate]] | ||
* [[Reconciliation]] | * [[Reconciliation]] | ||
* [[Tax ]] | |||
* [[Tax computation]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 09:00, 6 July 2022
Accounting.
A quantified explanation of the difference between:
- The reported tax charge (or credit) in financial statements; and
- The standard rate of corporation tax applied to the reported accounting profit (or loss).
In this context item 2. above is sometimes known as the 'expected tax charge'.
