PCTCT

PCTCT: In the UK tax system, more specifically, for UK corporation tax, PCTCT stands for "profits chargeable to corporation tax," a UK term for taxable profits. The PCTCT of a company is derived from a company's profit as shown in the profit and loss account in its accounts, with the addition of any disallowed expenditure, and the deduction of any expenditure that is allowed for tax purposes and has not been deducted in the profit and loss account.

External links

Example of use in HMRC Budget materials

Example of use in HMRC internal manuals

Categories:
Corporate taxation in the United Kingdom

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PCTCT — Abbreviation for profits chargeable to corporation tax. See: total profits … Accounting dictionary
total profits — Profits chargeable to corporation tax (PCTCT), including profits from trading, property, investment income, overseas income, and chargeable gains, less charges … Accounting dictionary
total profits — Profits chargeable to corporation tax (PCTCT), including profits from trading, property, investment income, overseas income, and chargeable gains, less charges … Big dictionary of business and management

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