Professional Documents
Culture Documents
Non trading Interest received Income from investment Building Society Interest (BSI) received UK dividend/dividend received Debenture Interest received Bank Interest received Loan Interest received (non trading) Patent Royalties (if not mentioned in the Extracted Income Statement) Profit on Sale of capital assets (industrial building, office building etc.) Pre- trading expenditure for trading Market Research Tax adjusted Trading Profit Note: 1 Gift to customer are only allowable if: Cost less then 50 per recipient per year Gift is not food, drink, tobacco or vouchers exchangeable for goods Gift carries a conspicuous advertisement of the business
x x x x x x x x x x x x (x) XX
Note: 2 The Gift aid donation is deducted in the corporation tax computation from total profits and is therefore added back in calculating trading profits. Note: 3 Local Charity: If small amount of donation Benefit received from charity should be less then lower off: 25% of Donation or 25 National Charity: Under Gift Aid Scheme: (not deductable) First, added back Second, Less from Pro Forma of Corporation tax computation Normal Gift to National Charity: First, added back Not deducted from Pro Forma Note: 4 Car lease: If CO2 emission rate >160g/km then add: 15% x lease costs. Note: 5 If plant & machinery adjust for Capital Allowance Note: 6 Selling price not paid = Add If paid, selling price less Amount paid = Add