Is HMRC's BIM for Sole Traders only?

Is HMRC's BIM for Sole Traders only?

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Is HMRC's BIM manual for the self-employed only?

It's opening paragraph:

This manual is to help you compute trading profits for tax purposes or check calculations. It supplements the basic guidance provided in the self-assessment tax return and help sheets.
It's just the reading the specific deductions section some of the chapter refer both to SA and CT.

I then thought I would give the CT manual a whirl for a guide on allowable deductions but this manual is obviously more concerned about the administration of corporation tax etc.

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By Alan Ferris
02nd Feb 2012 14:55

But both SA & CT are self

But both SA returns & CT returns are self assessment

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By thisistibi
02nd Feb 2012 15:08

Both Income & Corporation tax

It covers both.  But you have to use a bit of common sense in some sections.

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