Disallowable expenditure: Difference between revisions
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''Tax''. | ''Tax''. | ||
Amounts paid out by a taxpayer which are not eligible for tax relief. | Amounts paid out by a taxpayer which are not eligible for tax relief. | ||
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For this reason they are sometimes known as 'addbacks'. | For this reason they are sometimes known as 'addbacks'. | ||
== See also == | == See also == | ||
* [[Expenditure]] | |||
* [[Expense]] | |||
* [[Tax computation]] | * [[Tax computation]] | ||
* [[Tax relief]] | * [[Tax relief]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 22:13, 14 July 2022
Tax.
Amounts paid out by a taxpayer which are not eligible for tax relief.
Such amounts charged to accounting profits would be added back to the accounting profits, in the calculation of taxable profits in the taxpayer's tax computation.
For this reason they are sometimes known as 'addbacks'.
