CIRD12010 | Core computational rules: accounting: introduction

CTA09/PART8 CHAPTERS 2 - 5

In general, the computational provisions:

• are based on accounts which conform with GAAP - see CIRD30000 onwards

• identify those accounting entries from such accounts which form the basis for the figures which are taken into account for corporation tax - see CIRD12210

• set out how the figures to be brought into the corporation tax computation are derived from the accounting entries - see CIRD12510

• reproduce or specifically attract some but not all of the more general computational rules relating to income for corporation tax (such as those disallowing or deferring relief for expenditure) - see CIRD12580

• override other corporation tax rules relating to the same matters in the absence of specific provision to the contrary - see CIRD10110

• bring the resulting amounts into account as income, not as CG matters - see CIRD13510