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R & D CT Credit

How do we treat R & D CT tax credit in the accounts.

What are the entries exactly?

Do we need any journal enteries?

I am using sage 50.

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By BKD
13th Apr 2012 11:58

Simple

Dr bank

Cr P&L CT charge

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13th Apr 2012 12:02

But

Doesn't it depend whether you've booked a provision for it?  And anyway, why is the R&D credit being considered separately to the corporation tax?

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