Capital Allowances
SarahJS
Registered Posts: 271 Dedicated contributor 🦉
I've got a few queries relating to CA's in 'real life' and I'd appreciate some replies about how you do things. I understand the theoretical calculations but I am curious as to how strictly these are applied.
First of all, if an accounting period is less/more than 12 months how do you time apportion the AIA/WDA rates? Same goes for apportioning for the change in rates.
Do you do it on a daily basis or to the nearest month etc?
Would doing it to the nearest mnth ever cause issues with HMRC?
First of all, if an accounting period is less/more than 12 months how do you time apportion the AIA/WDA rates? Same goes for apportioning for the change in rates.
Do you do it on a daily basis or to the nearest month etc?
Would doing it to the nearest mnth ever cause issues with HMRC?
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Comments
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Either daily or monthly is acceptable. Must be monthly if the accounting period is full months, otherwise a daily calculation is required.0
