EPOS and capital allowances

EPOS and capital allowances

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client is to invest heavily in EPOS new tills and hand helds [ hardware software installation, back office integration etc and ongoing maintenance ]
- what are the capital allowances available [ rate] and how classified for capital allowance ie computers..plant.

should these be shown as plant or computers in financial fixed asset classifciations

something for fri afternoon - have a great weekend!
a risman

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By User deleted
01st Apr 2005 13:47

ICT FYAs
I think the operative term is "ICT" being short for Information Communication Technology.

If the equipment communicates information via computerised technology (which it sounds like it does to me) then I think it is "ICT" and the 100% FYA was applied - past tense as this 100% was only applicable to 5 April 2004(sole traders & p'ships) and 31 March 2004 (ltd companies).
In each case had to fall within the definition of being either small or medium sized - forget which as ALL my clients are "small".

Before the 100% came in the standard FYA rate of 40% applied, and when the 100% expired it became 50% just for a year, again only for businesses of a certain size. I think we're now back to the standard 40% FYA (as of April 2005) except certain cars still 100% FYA (until 31 March 2008) and expenditure on energy saving plant & machinery, also 100%.

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