The Office of Tax Simplification has set out the scope of its review of replacing capital allowances with accounts depreciation as a simpler way of giving companies tax relief for investment in tangible assets. The review follows one of the main recommendations in its recent report on simplifying the corporation tax computation. The OTS aims to report on the new review in Spring 2018. See http://bit.ly/2hiqajX.
The Office of Tax Simplification has set out the scope of its review of replacing capital allowances with accounts depreciation as a simpler way of giving companies tax relief for investment in tangible assets. The review follows one of the main recommendations in its recent report on simplifying the corporation tax computation. The OTS aims to report on the new review in Spring 2018. See http://bit.ly/2hiqajX.
