More information on this can be found in HMRC manual CIRD10116 here
General guidance on capital allowances can be found in HMRC manual CA10020 here
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Thank you, ***** ***** amortisation, I am amortising it over 5 years at 20%, however the HMRC online software is telling me that that is too much and will not allow me to go further with the return, many thanks.
Thank you, ***** ***** be 18% and not 20%? I was told by a chartered accountant that this is acceptable, however even this amount is challenged by the software, or would you suggest as you previously said to amortise it at 10% thank you
Sain, thank you for your reply...By applying the rate of 18% you are amortising goodwill over 5.5 years. If this is what your accounting policy is the apply it.
CA at 18% is for general pool items and Goodwill does not fall into it.I have applied 10% on other clients and had no issue.I hope this is helpful.