Tax reconciliation: Difference between revisions
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imported>Doug Williamson m (Link with Tax computation page.) |
imported>Doug Williamson m (Spacing.) |
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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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* [[Tax computation]] | * [[Tax computation]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 13:14, 2 October 2014
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'.
