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HMRC internal manual

Business Income Manual

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HM Revenue & Customs
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Tax and accountancy: contents

This chapter deals with the meaning of ‘generally accepted accounting practice’ (GAAP) and how it interacts with the computation of the profits of a trade for tax purposes.

A full list of the contents of the guidance is shown below. The guidance is subdivided into sections, the opening paragraph of each section being highlighted in the title below. Please click on the number alongside to go direct to each section.

  1. BIM31005
    Tax and accountancy: introduction
  2. BIM31010
    Tax and accountancy: need to conform to tax law
  3. BIM31015
    Tax and accountancy: meaning of ‘generally accepted accountancy practice’
  4. BIM31020
    Tax and accountancy: meaning of ‘UK generally accepted accountancy practice’
  5. BIM31025
    Tax and accountancy: meaning of ‘international accounting standards’
  6. BIM31027
    Tax and accountancy: interaction of UK GAAP and IAS
Tax and accountancy: GAAP
  1. BIM31029
    Tax and accountancy: GAAP
  2. BIM31030
    Tax and accountancy: concepts and pervasive principles
  3. BIM31035
    Tax and accountancy: relevance of audit
  4. BIM31040
    Tax and accountancy: events after the end of the reporting period
  5. BIM31045
    Tax and accountancy: materiality: an accountancy concept
  6. BIM31047
    Tax and accountancy: materiality: relevance for tax
  7. BIM31050
    Tax and accountancy: Substance over form
  8. BIM31055
    Tax and accountancy: Substance over form: taxation implications
  9. BIM31060
    Tax and accountancy: Property, plant and equipment
  10. BIM31065
    Tax and accountancy: FRS15: renewals accounting
Tax and accountancy: timing of income and expenditure
  1. BIM31080
    Tax and accountancy: timing of income and expenditure
  2. BIM31090
    Tax and accountancy: timing of receipts and expenditure: general principles derived from case law
  3. BIM31095
    Tax and accountancy: timing of receipts and expenditure: accountancy practice and case law developments
  4. BIM31100
    Tax and accountancy: timing of receipts and expenditure: anticipation of loss
  5. BIM31105
    Tax and accountancy: when to recognise profits: source is important
  6. BIM31110
    Tax and accountancy: recognition of deposits and compensation
  7. BIM31115
    Tax and accountancy: timing of income and expenditure: GAAP