C

    Corporation tax - Administration - Returns - Amendments - Finality - 18645

    Exceptionally, claims for group relief or capital allowances may result in amendments to the figures at a later date, in which case the figures cease to be final until the latest of: - the date...

    Income tax - Trading income - Partnerships - Partnership profits - Computation of trading income - Computation for corporate partners - 21675

    If one of the partners is a UK-resident body corporate, a separate computation of taxable profits or losses must be prepared for the partnership using corporation tax (rather than income tax) principles....

    Income tax - Income from UK land and property - Taxable profits - Lease premiums - The tenant - Interaction with capital allowances - 23280

    If relief is given for part of a premium in the profit and loss account, that element must be excluded from any capital allowances computation. - This applies to the incoming tenant if the property has...

    Income tax - Income from UK land and property - Other special situations - Rent factoring - 23660

    Rent factoring is an arrangement whereby a person obtains a lump sum payment (the finance amount) in return for selling a rental income stream. The finance amount is, in effect, a loan which...

    Income tax - Employment income - Employment status - Employed or self-employed - How to decide - b. Main consequences - 26185

    The following table highlights some of the differences between employment and self-employment in their tax treatment. These may be significant when arguing a worker's status. Issue Employment Self-employment...

    Income tax - Employment income - Expenses and benefits - Expenses - Claiming exemption or a deduction - Principles of deduction - 26905

    The conditions for obtaining a deduction depend on the nature of the expense: - qualifying travel expenses must have been incurred necessarily in the performance of the duties of the employment;...

    Income tax - Employment income - Expenses and benefits - Expenses - Expenses subject to special rules - Other expenses - Capital allowances on assets other than transport - 27205

    Where expenditure is incurred necessarily on plant and machinery (other than a road vehicle or bicycle) for use in the performance of the duties of the employment, capital allowances may be claimed (for...

    Personally owned equipment - employer contributions

    Some of your employees are using their own IT equipment while working at home during the coronavirus pandemic. You want to pay them an allowance to compensate them for the business use. Do you...

    Rental businesses - trouble with capital expenditure

    There’s more than one rule which determines the type of tax relief you can claim for capital expenditure in a property rental business. Different rules can apply from year to year. Which can...

    2. Entitlement to capital allowances - Who can claim CAs?

    Who can claim CAs?CAs are a tax deduction from income and can be claimed by individuals, partnerships and companies against their business income. The Capital Allowances Act 2001 applies to all...