Knowledge discovery in data and Tax computation: Difference between pages

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(Correct typo - data sets.)
 
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''Information technology.''
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.


(KDD).
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.


Knowledge discovery in data is the automated process of identifying patterns and other valuable information in large sets of data.
For a business which produces external accounts, the tax computations will commonly include:


It is also known as knowledge discovery in ''data sets'' or ''data mining''.
# 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.  




== See also ==
== See also ==
*[[Artificial intelligence]]
* [[Accounts]]
*[[Big data]]
* [[Addback]]
*[[General Data Protection Regulation]]
* [[Corporation Tax return]]
*[[Granular]]
* [[Disallowable expenditure]]
*[[Information technology]]
* [[Tax ]]


[[Category:The_business_context]]
[[Category:Taxation]]
[[Category:Technology]]

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