Notional revenue for tax allocation reserve

The notional revenue is calculated based on the contributions to a tax allocation reserve at the beginning of the financial year.

The total amount of the contributions should be multiplied with the current government borrowing rate at the end of November the year before the calendar year during which the financial year ended.

The notional revenue is not counted as a business transaction and is therefore not recorded. Instead it is transferred as a tax adjustment to INK2S in Year-end closing - Tax forms.

Approve the adjustments by clicking on the check mark in the column Done in the view Calculations.

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