INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

OTS – Report on Proposed Capital Allowances Simplification

By : June 22, 2018 Comments Off on OTS – Report on Proposed Capital Allowances Simplification

The long awaited report by the Office of Tax Simplification (OTS) into the proposed simplification of capital allowances was published on the 15th June 2018.  It extends to 88 pages but concludes that whilst an accounts based depreciation system would be attractive, the benefits gained would be completely outweighed by the disruption suffered by businesses […]

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