Commentary

D7.313 Withdrawal of relief

Corporate tax
Corporate tax | Commentary

D7.313 Withdrawal of relief

Corporate tax | Commentary

D7.313 Withdrawal of relief

Where accounts are prepared in accordance with generally accepted accounting practice, a deduction for management expenses may be made for a period of account earlier than that in which payment of the expense is made (see D7.305). This arises where the accounts include a debit for expenses accrued in the period. If some or all of the sum represented by the debit is paid and then wholly or partly repaid, or the sum is never paid1, the accounts for a subsequent period of account (the period of the credit) will include a credit for the amount

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