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Search results: 7 article(s) found in topic: Corporation tax - keyword: Allowances

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The AIA and multiple accounting dates

Your company is planning significant purchases of new equipment. The trouble is it’s part of a group which can affect the amount of annual investment allowance (AIA) it can claim. How can you be sure not to exceed the maximum? More...


R&D tax deductions for capital costs

SMEs can claim enhanced tax relief for research and development (R&D) costs. The bad news is that this doesn’t apply to the equipment used for the project. However, you can make use of a different tax break. What is it? More...


Another tax clampdown on goodwill

Since 2002 companies have been allowed to claim a tax deduction for the cost of goodwill. However, the Autumn Statement announced a restriction. When and how will this take effect? More...


Can a payment from a customer ever be tax free?

Your company recently completed a contract ahead of schedule and under budget. When your customer paid your final bill he added an extra 10% as a thank you for doing such a good job. Must you declare this to the Taxman? More...


When can you claim tax relief for goodwill?

Our subscriber’s company bought a sole trader’s business that had been operating for 20 years. It paid £120,000 for goodwill. Can the company claim an annual corporation tax deduction on the cost? More...


The right way to provide company sponsorship

The tribunal recently considered how much, if any, of a sponsorship payment made by a company was tax deductible. The judgment includes pointers on how to ensure you’ll get a deduction. What are they? More...


HMRC to help with R&D claims

The Taxman has launched a service aimed at encouraging companies to make use of research and development credits. Is it worth considering? More...
Last updated: 01.04.2020

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