I'm trying to calculate our capital allowances and unsure of the limits for firms to claim FYA at 40 or 50%.
Also if your profit were say £15,000 could and your capital allowances were £15,000 could you just make you claim Capital allowances claim£5,000 to take advantage of the 0% on the first £10,000?
If so how would you set this out?
Stephen
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With all due respect i suggest...
...you find yourself a tax advisor to do technical work like this if you do not know the basics.
1. You can claim as little CA's as you like
and
2. The deciding factor for small/med sized co's for CA's is the Companies Act 1985 definition