HMRC has launched a new online tool to help
companies calculate the balancing charge when they dispose of plant or
machinery in relation to which the super-deduction or special-rate first-year
allowance has been claimed. In its general
guidance on disposing of super-deduction FYA assets, HMRC also suggests that
companies may wish to take professional advice before including a balancing
charge in their returns.
HMRC has launched a new online tool to help
companies calculate the balancing charge when they dispose of plant or
machinery in relation to which the super-deduction or special-rate first-year
allowance has been claimed. In its general
guidance on disposing of super-deduction FYA assets, HMRC also suggests that
companies may wish to take professional advice before including a balancing
charge in their returns.
