Originally posted by MJR
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For example, if the standard salary was £30,000 per year and the maternity pay was £5,000, the amount included as salary in the profit and loss account is £25,000. The profit before tax is therefore higher and so additional CT will be due.
For the purpose of preparing the accounts the funding should be matched to the period it relates irrespective of when it has been received.
I hope this helps.
Martin
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