Tax reconciliation: Difference between revisions
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imported>Doug Williamson m (Spacing and wiki numbering 14/8/13) |
imported>Doug Williamson m (Category added 8/10/13) |
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* [[Effective tax rate]] | * [[Effective tax rate]] | ||
* [[Reconciliation]] | * [[Reconciliation]] | ||
[[Category:Accounting_and_Reporting]] | |||
Revision as of 08:30, 8 October 2013
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'.
