Business Tax

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi <BR><BR>I am doing some revision questions before my devolved assessment, and I cannot find an answer to what is probably a simple question......... <BR><BR>If a partnership wish to introduce their cars to the business, what information do they need to give the Inland revenue regarding the business usage???<BR><BR>If anyone can help, I would be very greatful<BR><BR>Joanne<BR>X

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business Tax

    i.e what % of the time the car is used for business purpouses (meetings/entertaining clients etc) and what for personal use (weekly shop). Then the % agreed with the inland revenue is used in the tax calculations. Business tax will only use *% of the vehicle costs etc.<BR>

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