Joiner employed until sept earned £9200. Went self employed, made a net profit of £13200, therefore total gross earnings £22400. He bought a van in Feb for £20000. What is the best treatment of AIA/Capita; Allowances in this case? He is accounting on a cash basis
Replies (13)
Please login or register to join the discussion.
There aren't.
I thought there were no CAs if using cash accounting.
Which makes the first post even more relevant.
Van
Thank you for the various replies. I can't see how any of them have answered the question. If CA is not allowed with Cash accounting, how much of the cost of the Van in this instance can be claimed against profit?
On the figures you quote, the last thing he wants to be doing is cash accounting. If he does, he must take the whole cost of the van whether he gets tax relief or not.
It's a carp idea, dreamt up by government fools who know nothing about tax.
possep...the
second guy/girl to post....the only answer that contains a link on this page...oh I give up....