Commentary

D7.4106 Expenses previously relieved

Corporate tax
Corporate tax | Commentary

D7.4106 Expenses previously relieved

Corporate tax | Commentary

D7.4106 Expenses previously relieved

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

It is important that expenses that have already been relieved for tax purposes in calculating the shareholders' taxable profits under the pre-2013 regime are not also relieved again when they are written off in the accounts after transition. This will occur because certain amounts may have been expensed in the regulatory return but are spread over multiple accounting periods in the accounts. A good example of such an item is

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