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IT business rabate still on?

 
 
Zzaaarathustra
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      05-31-2006, 05:15 PM
Does anyone know if a business can still get a 100% tax refund on IT
equipment, I heard it was going to stop.


Thanks



 
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Joe Lee
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      05-31-2006, 11:55 PM

"Zzaaarathustra" <(E-Mail Removed)> wrote in message
news:eJednQeCh-(E-Mail Removed)...
> Does anyone know if a business can still get a 100% tax refund on IT
> equipment, I heard it was going to stop.


I don't know. You could try uk.finance

Joe Lee


> Thanks



 
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PhilT
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      06-02-2006, 08:57 AM

Zzaaarathustra wrote:
> Does anyone know if a business can still get a 100% tax refund on IT
> equipment, I heard it was going to stop.
>


it did stop, maybe 2 years ago. Budget speech etc.
http://www.menzies.co.uk/news_room/tax+news/60

It was a 100% first year allowance, now it will be the same as anything
else with a first year allowance followed by a writing down allowance.

Many businesses charge it to revenue (operating cost) so get the relief
that way.

Phil

 
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