Accounting for Tax incentive for online filing

Shirl Registered Posts: 4 New contributor 🐸
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



  • deanshepherd
    deanshepherd Registered Posts: 1,809 Beyond epic contributor 🧙‍♂️
    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.
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