9001
Taxation
Suspense & Taxation
Normal balance
Debit
This records the Corporation Tax charge for the period as recognised in the profit and loss account. As an expense it normally carries a debit balance — the outstanding amount still owed to HMRC is tracked separately as a liability in code 2110.
Other codes in Suspense & Taxation
| 9998 | Suspense Account |
| 9999 | Mispostings Account |