CIRD12010 - Core computational rules: accounting: introduction

FA02/SCH29 PARTS2 - 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.