Tax treatment for goodwill

iroslaniec@wp.pl

I have goodwill in previous year accounts being written off and I am doing tax comp for that year, I am thinking to add this back to profits (as i am not sure about origin of that transactions) although I am aware that only amortisation / impairment is allowable for tax purposes for goodwill.

Any view on the above?, would appreciate any response,
thank you

Bluewednesday

Is it a limited company or a sole trader?

Goodwill write off may be allowable for a limited company but there are certain rules depending on when the goodwill was created. You need to have a look at the revenue guidance relating to it.