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Sam, Accountant
Category: Tax
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Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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On my tax return, what is "annual investment allowance?"

Customer Question

on my tax return, what is "annual investment allowance?"
Submitted: 2 years ago.
Category: Tax
Expert: replied 2 years ago.
This is an allowance given for capital expenditure during the reporting accounting period. There are certain items of capital expenditure where you can deduct the full value of spend from your profits before you are taxed
Expert: replied 2 years ago.
Please advise -

Are you in business... do you fill in supplementary pages for self employment