DC and Tax computation: Difference between pages

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imported>Doug Williamson
(Link with Defined benefit pension scheme page.)
 
imported>Doug Williamson
m (Remove quote marks not working properly.)
 
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''Pensions''.
A calculation of tax payable by a business or by an individual with more complex tax affairs, usually prepared by the taxpayer or the taxpayer's agent.
 
Tax computations are normally submitted to the relevant tax authorities as supplementary material supporting a standardised summary tax return, for example a UK Corporation Tax return.
 
For a business which produces external accounts, the tax computations will commonly include:
 
# A summary adjustment of the (externally reported) accounting profits, to calculate the taxable profits.
# Additional detail and reconciliations of figures appearing in the accounts.
 
 
Sometimes known as a tax comp or tax comps.  


Defined Contribution pension scheme.


== See also ==
== See also ==
* [[Defined contribution pension scheme]]
* [[Accounts]]
* [[Defined benefit pension scheme]]
* [[Addback]]
* [[Corporation Tax return]]
* [[Disallowable expenditure]]
* [[Tax ]]
 
[[Category:Taxation]]

Revision as of 21:48, 29 September 2014

A calculation of tax payable by a business or by an individual with more complex tax affairs, usually prepared by the taxpayer or the taxpayer's agent.

Tax computations are normally submitted to the relevant tax authorities as supplementary material supporting a standardised summary tax return, for example a UK Corporation Tax return.

For a business which produces external accounts, the tax computations will commonly include:

  1. A summary adjustment of the (externally reported) accounting profits, to calculate the taxable profits.
  2. Additional detail and reconciliations of figures appearing in the accounts.


Sometimes known as a tax comp or tax comps.


See also