Disallowable expenditure

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Revision as of 14:17, 15 May 2014 by imported>Doug Williamson (Spacing.)
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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'.

See also