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Revenue, costs & profit · Core

Income tax expense

Also called: tax charge

ELI5

Tax expense recognised on profit under applicable accounting rules.

Used in conversation

“Compare income tax expense with the same cohort and period before drawing a conclusion.”

Pitch context

You will see “Income tax expense” in financial models, budgets, board packs and investor materials when the discussion reaches revenue, costs & profit.

Why it matters: In revenue, costs & profit, different calculation boundaries, periods or accounting treatments can change the number and the decision.

Caution

Calculation, recognition and disclosure can vary by accounting framework, company policy and reporting context.

When the words have to travel

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Sources & evidence · 4

Direct term-level sources and supporting source families.