Disallowable expenditure and Discretionary payment: Difference between pages

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''Tax''.
''Cash forecasting and management''.


Amounts paid out by a taxpayer which are not eligible for tax relief.
A discretionary payment is a forecast item which can be delayed or even avoided, so as to improve the organisation's net cash flow in the forecast period.


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 ==
== See also ==
* [[Expenditure]]
*[[Cash forecasting]]
* [[Expense]]
*[[Non-discretionary payment]]
* [[Tax computation]]
* [[Tax relief]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Cash_management]]

Latest revision as of 15:09, 4 September 2019

Cash forecasting and management.

A discretionary payment is a forecast item which can be delayed or even avoided, so as to improve the organisation's net cash flow in the forecast period.


See also