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End of attention
This item has three sections:
- Reconciliation items.
The amounts to be included in the Income and Expenses sections of item P8 are amounts derived from your accounting system or financial statements, except for:
The income and expense amounts to be included at item P8 should form part of your profit and loss statement and are the basis for calculating your net profit or loss. You should deal with any adjustments to these amounts for tax purposes in the Reconciliation items section of item P8.
If you have chosen to enter or continue in the STS at item S1, you must complete the income and expenses sections using the STS rules. See STS taxpayers.
You show personal services income and related expenses at item P1, with one exception - personal services income subject to foreign resident withholding - which you show at this item
Last modified: 01 Sep 2006QC 18499