Taxi Driver Tax Return
I have taken on a self employed taxi driver who I stole from another practice (sorry Dennis).... I'm in the process of completing their tax return and have come across the accounts their past accountant prepared for them and they claimed depreciation on his vehicle at 20% pa. I thought that Capital Allowances replaced depreciation and he could claim an allowance each year based on the balance and the interest on the HP used to buy the vehicle. Whose right?