DFS help Dec 06 paper

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:28AM in AAT student discussion
Hi

I wondered if anyone could help me?

Why (in the DFS Dec 06 paper) do we charge 40% FYA on the plant and machinery that was purchased on 1 June 05 for £3,000 when all the other plant and machinery and motor van were charged at 50%?

Its probably something really obvious, my heads mush!

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS help Dec 06 paper

    Capital allowances were reduced to 40% for expenditure incurred in the corporation tax year from 1 April 2005 to 31 March 2006.

    Kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS help Dec 06 paper

    Thanks! and sorry!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS help Dec 06 paper

    Can someone point out what question this refers to? I cant see anything about capital allowances and corporation tax and now I am worried that maybe this came up on the latest exam and I missed it then too :shock:

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