01983 614108

Corporation tax loss relief changes

by | Jan 9, 2020 | ACCA, business taxation

ACCA provide this comparison table following the 2017 reforms.  The legislation Reform was introduced in schedule 4 of the Finance (No.2) Act 2017. It applies from 1 April 2017. Accounting periods that begin before and end after 1 April 2017 follow commencement...

Challenges of capital allowances

by | Nov 12, 2019 | ACCA, business taxation

Establishing the primary function of an asset can be hugely important. The distinction between plant and building is an important one from a tax perspective. When made incorrectly, it will have a significant tax cost in either lost or incorrectly claimed capital...