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HMRC internal manual

Company Taxation Manual

Corporation Tax: management expenses: administrative costs

Any reasonable expenses which a ‘company with investment business’ incurs year by year on such matters as:

  • the keeping of its share register,
  • the printing of annual accounts, and
  • the holding of shareholders’ annual general meetings,

should be regarded as expenses of management. This will also apply to the annual cost, but not the initial charges, of a Stock Exchange quotation.

There is further guidance on administration costs at BIM42500 onwards.