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The relationship between accounting and taxation: The United Kingdom


  • Margaret Lamb


The relationship between accounting and taxation in the United Kingdom is explored in this article. The first section considers historical reasons for the relative independence of contemporary calculations of accounting profits and taxable profits. Despite the formal independence of important aspects of the calculation regimes, effective interdependence of practice is a feature of the United Kingdom's tax and accounting histories. The second section outlines the current law and practice governing the recognition of taxable profits, and reviews the financial reporting standards and practices that have been developed to deal with tax/accounting differences. Finally, recent developments in financial report-ing and taxation are identified that are likely to have an impact on the character of the relationship between tax and accounting in the future.

Suggested Citation

  • Margaret Lamb, 1996. "The relationship between accounting and taxation: The United Kingdom," European Accounting Review, Taylor & Francis Journals, vol. 5(1), pages 933-949.
  • Handle: RePEc:taf:euract:v:5:y:1996:i:1:p:933-949
    DOI: 10.1080/09638189600000060

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    Cited by:

    1. Inès Bouaziz Daoud & Mohamed Ali Omri, 2011. "Divergences comptabilité - fiscalité, gestion fiscale et gestion des résultats en Tunisie : les nouveaux défis," Post-Print hal-00646800, HAL.
    2. Margaret Lamb & Andrew Lymer, 1999. "Taxation research in an accounting context: future prospects and interdisciplinary perspectives," European Accounting Review, Taylor & Francis Journals, vol. 8(4), pages 749-776.
    3. Malcolm Anderson, 1998. "Accounting History Publications, 1995/6," Accounting History Review, Taylor & Francis Journals, vol. 8(1), pages 105-124.
    4. repec:eee:crpeac:v:21:y:2010:i:7:p:560-572 is not listed on IDEAS
    5. Lamb, Margaret, 2001. "'Horrid appealing': accounting for taxable profits in mid-nineteenth century England," Accounting, Organizations and Society, Elsevier, vol. 26(3), pages 271-298, April.
    6. Eberhartinger, Eva L. E., 1999. "The Impact of Tax Rules on Financial Reporting in Germany, France, and the UK," The International Journal of Accounting, Elsevier, vol. 34(1), pages 93-119.

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