Capital allowance Archives | Taxfile https://www.taxfile.co.uk/category/capital-allowance/ Tax advice & accounting services for South London businesses & SMEs Tue, 30 Jun 2015 18:27:20 +0000 en-GB hourly 1 Capital Allowances https://www.taxfile.co.uk/2008/02/capital-allowances/ Sat, 16 Feb 2008 12:48:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/02/capital-allowances/ As a business you can claim tax allowances, called capital allowances, on certain purchases or investments. This means you can deduct a proportion of these costs from your taxable profits and reduce your tax bill. Capital allowances are available on plant and machinery, buildings – including converting space above commercial premises to flats for renting […]

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]]> Taxfile knows everything about taxi drivers’ tax! https://www.taxfile.co.uk/2007/08/taxfile-knows-everything-about-taxi-drivers-tax/ Sat, 25 Aug 2007 12:18:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2007/08/taxfile-knows-everything-about-taxi-drivers-tax/ There are a few things that need to be considered when it comes to taxi drivers’ tax. Among them we can mention the following: •Mileage Allowances Taxi drivers can claim as an alternative to vehicle running costs mileage allowances of 40p for the first 10,000 miles and 25p per mile thereafter. You may not claim […]

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