Tax Computation Help - WDA's/Capital Allowance Claims

toby_puppy

2008/09 Tax Computations

Has anyone got a straightforward table of allowances we could use – the Whillans’s Tax Tables are not very easy to see at a glance and we are fed up of pestering the boss!

Our computations and schedules of allowances are prepared manually.
Example – client’s year end is 5 November 2008 (the 2008/09 Tax Year)
Equipment wdv brought forward is £5000

Am I right in saying that you would apportion the capital allowance claim to 7 months at 25% and the remainder at 20%?

Also, the 100% allowance (all our clients are classed as small businesses) – this is only available on plant and machinery/vans bought AFTER 5 April 2008?
So, going back to above example, the accounts are prepared to 5 November 2008 but if he bought the van in August 2008, he could only claim a 25% allowance even though the accounts fall into the 2008/09 tax year?

The allowance for cars is again a mix of 25% and 20% - with a maximum claim of £3000?

If anyone has a straightforward table of rates to post on here, would be very grateful!

fubar4164

http://cahrcalculator.hmrc.gov.uk/CAHR01.aspx

HMRC has a hybrid rate calculator. If you get an error message on the 1st screen, just press continue.

toby_puppy

Thanks, that will come in handy :T