Director and Disallowable expenditure: Difference between pages

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1. ''Company law''.
''Tax''. 
Amounts paid out by a taxpayer which are not eligible for tax relief.


A senior manager of a company elected by the shareholders under the company's formal constitution.
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.
 
The directors are recorded at the companies registry and in certain formal documents including the annual report.
 
 
2. ''Organisational structure.''
 
A title given to other senior managers of organisations, without their necessarily being formal directors in law.


For this reason they are sometimes known as 'addbacks'.


== See also ==
== See also ==
* [[Annual General Meeting]]
* [[Tax computation]]
* [[Annual report]]
* [[Tax relief]]
* [[Auditor]]
* [[Board of directors]]
* [[C-suite]]
* [[Companies House]]
* [[Company]]
* [[Corporate governance]]
* [[De facto director]]
* [[Directors' responsibilities statement]]
* [[EXCO]]
* [[Fiduciary duty]]
* [[Non-Executive Director]]
* [[Shadow director]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]

Revision as of 14:19, 23 October 2012

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


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