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CT COMP TAX ADJUSTED PROFIT WK 2 - Coggle Diagram
CT COMP TAX ADJUSTED PROFIT WK 2
SPECIFIC ADJUSTMENTS
MOTOR LEASES
:forbidden:
Personal
element
ADD BACK EMMISSIONS
ABC
LOW
:star:
Allowable expense: Lease charge * (24,000/list price)
D/E
MEDIUM
:star:
Allowable expense: Lease charge X(LOWER:12,000 or 50% cost/list price)
F/G
HIGH
NIL
FINANCE LEASES
Deduct
FULL PAYMENTS
:check: ADD BACK INTEREST from INCOME STATEMENT
:no_entry:
TOTAL PAYMENTS
(INTEREST + CAPITAL)
PENSION CONTRIBUTIONS
ORDINARY
Annual Contribution
REVENUE APPROVED : :check:
PAID Contributions :check:
:forbidden: ACCRUALS (
ADD BACK
) :warning:
SPECIAL
Contribution
EXCEEDS ORDINARY
CONTRIBUTION
Deductions
SPREAD
over a number of years
ADJUSTMENT
required
Special / Normal :<3:
INTEREST
TRADING
:red_cross: FINES
RENTAL
Interest on Rental Property :warning: Add back :red_cross: CASE I
AS A CHARGE
:check: ADD BACK what's in the Accounts
:red_cross: SUBTRACT from TAP
FOREIGN DIVIDEND INCOME
25%
PASSIVE
12.5%
From Company in EU/DTA country
Paid from trading profits