Owner-Managed Businesses Guidance
What is structures and buildings allowance?From 29 October 2018, expenditure on constructing a commercial building or structure, or in certain cases, expenditure on...
This guidance note looks at how trading profits of sole traders and partnerships are calculated for income tax purposes. Additional special rules apply for very small...
The annual investment allowanceThe AIA gives a 100% first year allowance for investment in plant and machinery (excluding cars). It is intended to encourage greater...
The Simplified cash basis for small businesses guidance note explains the criteria to be able to use the cash basis and the Simplified cash basis expenditure guidance...
Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the Corporate debt ― overview...
IntroductionA capital allowances review is a detailed review of expenditure with the aim of claiming the optimum amount of capital allowances. Examples of opportunities...
Valuation of stockFor tax purposes, stocks or inventories (as it is called under FRS 102 and IAS) are generally valued at the end of an accounting period at the lower of...
There are changes included in Finance Act 2019 that affect first year allowances (FYAs). This includes the end of FYAs for items on the Energy Technology List and the...
Subject to meeting various conditions discussed below, companies can claim a deduction from profits for share awards to directors, employees or to another person...
Private use adjustmentsSole traders or partnerships may use assets for both business and private purposes. For example, it is common for a sole trader to have a car which...
What is structures and buildings allowance?From 29 October 2018, expenditure on constructing a commercial building or structure, or in certain cases, expenditure on...
This guidance note looks at how trading profits of sole traders and partnerships are calculated for income tax purposes. Additional special rules apply for very small...
The annual investment allowanceThe AIA gives a 100% first year allowance for investment in plant and machinery (excluding cars). It is intended to encourage greater...
The Simplified cash basis for small businesses guidance note explains the criteria to be able to use the cash basis and the Simplified cash basis expenditure guidance...
Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the Corporate debt ― overview...
IntroductionA capital allowances review is a detailed review of expenditure with the aim of claiming the optimum amount of capital allowances. Examples of opportunities...
Valuation of stockFor tax purposes, stocks or inventories (as it is called under FRS 102 and IAS) are generally valued at the end of an accounting period at the lower of...
There are changes included in Finance Act 2019 that affect first year allowances (FYAs). This includes the end of FYAs for items on the Energy Technology List and the...
Subject to meeting various conditions discussed below, companies can claim a deduction from profits for share awards to directors, employees or to another person...
Private use adjustmentsSole traders or partnerships may use assets for both business and private purposes. For example, it is common for a sole trader to have a car which...
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