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Kaeren Mellin's Blog (1)

Grants and Corporation Tax

Hi There

 

I have a question for finance professionals working with CIC's.

 

If a CIC has grant income and trading income do you split it in their annual accounts and only calculate Corporation tax on the trading income.  I asked this question of a tax inspector and the reply seemed to be yes but would like re-assurance from those working in the field.

 

Many thanks

Added by Kaeren Mellin on July 25, 2011 at 12:15 — 1 Comment

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