Dispoal proceeds received from TFL for VAN

Tax due on TFL scrappage scheme grant

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Hi : new one for me : Have a london based client sole trader, just received from TFL a £7,000 grant for scrapping van that was non-ulez complient.

question : do I include the 7k as the disposal value for capital allowances purposes ? 

I know for vat the 7k is not relevant 

thanks 

 

 

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By David Ex
16th Apr 2024 17:45

https://www.accountingweb.co.uk/any-answers/vat-on-ulez-scrappage-income

Not sure what options there are if you don't include as disposal proceeds.

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