Home For accounting professionals Tax
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚

Accounting for Tax incentive for online filing

ShirlShirl Just JoinedRegistered Posts: 4
Could someone clarify this for me please, if you submit say 2008/09 tax returns online prior to a company's year end, presumably the incentive will show as other operating income for 2008/09. What happens if the tax return is filed on line 2 days after the company's year end, would you still show the incentive in 2008/09?

Many thanks for your advice



  • deanshepherddeanshepherd Font Of All Knowledge Registered Posts: 1,809
    I wouldn't normally accrue the filing incentive, I would report it in the year it is actually used (or refunded).

    Unless perhaps this distorts the figures so that you would otherwise have a year without any incentive shown followed by a year with two incentives.
Sign In or Register to comment.