Decision Makers Guide - DMG35004

Allowable business expenses: Meaning of reasonably incurred


The decision maker should give `reasonably incurred` its ordinary everyday meaning. To be reasonably incurred, an expense must be
1) appropriate to the business and
2) necessary to the business and
3) not excessive in relation to

3.1) the nature of the business and
3.2) the level of trading and
3.3) the number of employees.




Home | Main Contents | Manual Contents

Previous Page | Next Page | Top