C

    Corporation tax - Capital allowances - General principles - Capital expenditure - Basic rule - Modifications to general rule - 4045

    Notably, the general rule is modified for: a. capital allowances claimed in respect of assets used for the purposes of employment. Here the test is more stringent, and additionally requires that...

    Corporation tax - Capital allowances - Plant and machinery - II. Pools - Special rate pool - Cars with emissions of over 110g/km - 4585

    Where a car registered on or after 1 March 2001 has an EC certificate of conformity (or UK approval certificate) showing a CO2 emission level of over 110g/km, it is termed a special rate car...

    Corporation tax - Capital allowances - Plant and machinery - III. Allowances & credits available - Annual investment allowance - Qualifying expenditure - Excluded expenditure - 4787

    There are a number of further circumstances where the expenditure will be excluded from the application of the allowance: a. expenditure on cars; b. expenditure in the final period of the business; c....

    Corporation tax - Capital allowances - Plant and machinery - Assets for leasing - Non-long funding leases - Assets leased in the course of a trade - a. UK leases and overseas leases finalised on or after 1 April 2006 - General rules - 5430

    Where a trade consists of, or includes, the leasing of plant and machinery, capital expenditure incurred on the provision of assets for leasing either within the UK or overseas (where the lease...

    Cut in CO2 emissions thresholds for business cars

    The government is altering the CO2 emissions threshold for capital allowances to encourage the use of electric cars. What’s changing?

    Cars and vans - tax treatment at a glance - Tax deductions for costs

    Tax deductions for costsBusinesses can claim a tax deduction for all running costs they incur in providing a company vehicle including those relating to private use. However, special rules apply...

    Appendices - Appendix D - Capital allowances for company cars

    Appendix D - Capital allowances for company carsNormally when your business buys an asset, such as a car or van (unless it has zero or very low CO2 emissions), which qualifies for capital allowances...

    Business taxes - Capital allowances - Low and zero emission cars

    Low and zero emission carsThe Budget proposed changes to the capital allowances (CAs) which businesses can claim for cars. From 1 April 2021 for companies (6 April 2021 for businesses which...

    Coronavirus measures and other Budget announcements

    The Budget in mid-March 2020 has been completely overshadowed by coronavirus. Nevertheless, most of the changes announced in it will go ahead as planned. How might some of these affect you and...

    7. Cars - What are the special rules for cars? - Rate of CAs

    Rate of CAsThe AIA isn’t available in respect of any vehicle that counts as a car for tax purposes and the expenditure will normally be allocated to either the normal plant and equipment pool...