PCTCT

In the UK tax system, more specifically, for UK corporation tax, PCTCT stands for "profits chargeable to corporation tax," a UK term for taxable profits. The PCTCT of a company is derived from a company's profit as shown in the profit and loss account in its accounts, with the addition of any disallowed expenditure, and the deduction of any expenditure that is allowed for tax purposes and has not been deducted in the profit and loss account.

External links

Example of use in HMRC Budget materials
Example of use in HMRC internal manuals

This article is issued from Wikipedia - version of the 12/19/2010. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.