Autumn Statement 2013

The 2013 Autumn Statement Autumn Statement The economic position in December 2013 looks a good deal rosier than it did back in the spring when George Osborne presented his Budget. But that does not mean he felt able to announce major tax reductions. He said that his plans for the coming tax year were fiscally … Continue reading Autumn Statement 2013

Repairs – Capital or revenue expenditure?

HMRC has brought yet another claim for repairs as revenue expenditure before the First Tier Tax Tribunal. The claimant, a limited company, traded from premises on an industrial estate. It claimed as a deduction in its profit and loss account expenses for: the diversion of telecommunications cables relaying and resurfacing a carriageway repairs to the … Continue reading Repairs – Capital or revenue expenditure?