BIM34030 – Change of basis of computing taxable profits: invalid to valid basis – computational adjustment

News Financial services Sanctions & Fines

Date: 24th Mar, 2025 Source: Her Majestyâ€™s Revenue and Customs (HMRC) Country: United Kingdom Original Source

Brief

"On 24/03/2025, HMRC issued an update regarding BIM34030 - Change of basis of computing taxable profits: invalid to valid basis - computational adjustment. This update provides guidance on making a change from an invalid to a valid basis for computing taxable profits, and explains the implications for tax computations."

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Her Majestyâ€™s Revenue and Customs (HMRC)

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BIM34030 – Change of basis of computing taxable profits: invalid to valid basis – computational adjustment

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BIM34030 – Change of basis of computing taxable profits: invalid to valid basis – computational adjustment

Brief

Her Majestyâ€™s Revenue and Customs (HMRC)

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