CIRD70505 - Telecommunications licences and rights: accounting and groups: 'taken into account'

FA00/SCH23 talks about amounts 바카라 사이트˜taken into account바카라 사이트™ for accounting purposes. The aim of the schedule is to ensure that we follow for tax purposes the correct accounting treatment.

A description of UK GAAP as it applies to intangibles can be found at CIRD30500 onwards.

Accounting treatment: definitions

  • 바카라 사이트˜Normal accounting practice바카라 사이트™ means normal accounting practice with respect to statutory accounts of companies incorporated in the UK. FA02/S103 replaced the phrase 바카라 사이트˜normal accounting practice바카라 사이트™ with the phrase 바카라 사이트˜generally accepted accounting practice바카라 사이트™ (GAAP) meaning GAAP with respect to accounts of UK companies that are intended to give a true and fair view (ICTA88/S836A).
  • 바카라 사이트˜Statutory accounts바카라 사이트™ means accounts required by, and meeting the requirements of, S394 of the Companies Act 2006 or the corresponding Northern Ireland or overseas provisions.
  • 바카라 사이트˜For tax purposes바카라 사이트™ means for the purposes of calculating profits chargeable to income tax or CT.