Client Advisory Letter - Accounting Provisions and Year End Bonuses - Version 9 - August 2020

Details

For those companies who wish to obtain a corporation tax deduction in the accounting period in which bonuses and other accounting provisions are accrued at the balance sheet date it is essential the conditions laid down in FRS102 are satisfied.  Our letter sets out the actions a prudent taxpayer should take to ensure bonus and other provisions are in accordance with the accounting standards and therefore allowable for corporation tax purposes.

Pages: 2

Author: DTE Tax

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