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from www.thesymbolism.com
for tax purposes, as an employee was responsible for the theft, the amounts stolen will be an allowable. a taxpayer may deduct a loss from the theft of property that is not compensated for by insurance or otherwise. a trader is taxed on the profits of the trade and not on what they retain at the end of the day. Losses arising from theft or. dear hm revenue and customs, can you tell me please if there is provision for tax reduction for those. Irrecoverable losses due to theft by employees are generally deductible in. yes , they are deductible. an employer cannot deduct money from payments that are not part of someone's wages. thefts by employees are deductible, whereas thefts by directors or partners are not deductible.
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