Electric Car

Electric Car

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I have a client who has one of these new-fangled, less than 95 gm of CO2, electric cars.  Cost £23000 and qualifies for 100% allowances.  I'm just checking I've put the entries in the right boxes - although the answer's right in terms of the final tax bill.

I have £2100 (being the other, run-of-the-mill plant additions) in the AIA box (172).

Then £25100 (being the car and the ROTM additions) in box 107/108

Then in the Qualifying Expenditure section

Box 118 - Expenditure on which first year allowance is claimed - £23000

Box 174 - Designated environmentally friendly machinery and plant - £23000

Box 121 - Other plant and machinery - £2100

Does that look right ?  It's not entirely what I expected .....

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