Tax Happy Hour 2 – 2024

In this session we will deal with the accounting and tax treatment of long-term construction contracts with specific reference to the following:

• Treatment of costs incurred to date, revenue received to date and accounting recognition of profits/losses.
• Gross Income definition and progress payments, deposits and retentions.
• Sections 22(2A) and 22(3A).
• Section 24C allowances.
• Deferred tax.
• VAT pitfalls and opportunities.

Please join us for this highly informative and practical session.