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''Tax''.   
''Tax''.   
An amount charged to accounting profits which is not eligible for tax relief, for example entertainment.
An amount charged to accounting profits which is not eligible for tax relief, for example entertainment.
Such an item would be added back to the accounting profits, in the calculation of taxable profits in the taxpayer's tax computation.
Such an item would be added back to the accounting profits, in the calculation of taxable profits in the taxpayer's tax computation.


== See also ==
== See also ==
* [[Disallowable expenditure]]
* [[Disallowable expenditure]]
* [[Tax computation]]
* [[Tax computation]]

Revision as of 15:23, 27 July 2013

Tax.

An amount charged to accounting profits which is not eligible for tax relief, for example entertainment.

Such an item would be added back to the accounting profits, in the calculation of taxable profits in the taxpayer's tax computation.


See also