Restriction on amount of provisions

FA07/SCH11/PARA1 may limit the amount of provisions allowed for tax purposes. But they will be those stated in the accounts for that period unless an officer of HM Revenue & Customs considers that the provisions exceed ‘the appropriate amount’, which is defined in Regulations (see GIM6600).

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.