Authorised Investment Fund
Corporation Tax
Group Module
Investment Trust
Life
Hotline
Pack development
Irish Corporation Tax
Partnership Tax
Partnership Gains
Administrator
Tracker
Hong Kong Profits Tax
VAT
Personal Tax
Corporation Tax Lite
Expenses of management |
See Also
Adjustment of profit | Investment companies | Losses and allowances
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule is provided for companies which have investment activity but are not investment companies within the meaning of CTA2010 s90 . The computations for investment companies should be prepared using the set of standard schedules designed for that purpose (see also Investment companies). Note that with effect from 1 April 2004, corporation tax relief for management expenses is extended to all companies with investment business, not just those which previously qualified as an investment company within the pre 1 April 2004 definition.
This schedule may be developed from either the Adjustment of profit schedule or the losses schedule.
The schedule allows the user to analyse management expenses incurred in the period. These expenses are assumed to be allowable and are deducted from total profits on the Adjustment of profit schedule. Expenses incurred on investment business activity prior to 1 April 2004 should not be included on this schedule.
Surplus expenses of management are carried forward per the Management expenses column on the Losses schedule, and aggregated with management expenses arising in the following period. Alternatively, excess management expenses or charges may be group relieved.
© 2009 Thomson Reuters.