kojkoj的部落格

The reimbursement of goods, materials or services purchased by a concern which are for semiprivate use are not allowable for tax purposes. The disallowed part likewise applies to merchandise and materials bought for business organisation use which are later nearly new for esoteric use.

Payments ready-made by the company for no business concern manual labour are not allowed.

A modest guests can declare the reward and salaries of directors as a validated business organization disbursal. If the firm is self hired consequently the proprietors own payoff and drawings are not allowable as concern costs as such reimbursement are distributions of the net assessable profits and not deductions from it. Also integrated in this category of disallowed outlay relating to the vendor aftermath would be national security contributions, capital tax payments and pension contributions

Pension contributions are an deductible private cost which the elflike commercial owner would averment as tax deductible from the overall tax lumber but not in the same employ accounts.

Motoring costs are a explicitly defined piece of non firm expenses. Private use of the conveyance which may be utilized for business concern purposes is not allowed for tax purposes. Also disallowed are driving fines with way fines, any decriminalized reimbursement implicated. The property bill of buying head-to-head vehicles is not an deductible disbursement and besides disallowable are traveling reimbursement from hole to position of trade and meals not related near business organization movement.

The price of any non concern site or non company chunk of the site is disallowed for tax claims. The means acquisition charge of site is not allowed as a tax conclusion as such as purchases are doped as property principal and speciality to the tax rules applying to fixed investment.

Repairs of non conglomerate environs and equipment are not allowed as claims resistant tax possession. Costs of on the way or neutering site or machinery are not allowed as tax deductions as these reimbursement are superimposed to the settled good quality costs and claimable underneath the wealth portion rules.

Non company use together with privy use of telephones, faxes and machine instrumentality and another weapons system items are disallowed fore tax purposes.

Entertainment expenditure of clients and suppliers are not allowed for tax purposes. Also disallowed are costs incurred for meals of non workers who conduct the enterprise possessor on business organization trips unless that being has a sound business organisation use for individual on the passage. Hospitality is generally not an deductible disbursement tho' amusement of team at Christmas or outstanding actions is allowed within limited fiscal margins.

The wherewithal feature once repaying loans, overdrafts or remaining business arrangements are not allowed as concern costs as these items are balance expanse items and not profit and loss items, the net income and loss anyone the subtraction of the net assessable income.

Bad debts be a symbol of an realm wherever specific rules employ. Specific known bad debts are allowed for tax purposes but miscellaneous bad debts where a percentage is practical to the gross sales expediency as probable to go bad debts is not allowed as a tax presumption. Debts which have not been included in gross sales ratio are not allowed as such as debts have not been accounted for and also bad debts on set funds are not allowed as the loss is accounted for in the capital allowances calculations.

Legal costs of purchasing wealth or gear are not allowed for tax purposes as such as costs are burnt as property outlay and built-in in the purchase cost of the outlay and branch of learning to property allowance rules for reclaiming allowances complete the vivacity of the good value. Costs of subsidence tax disputes are not allowable and as well fines obligatory upon the band leafless not deductible tax outlay.

Depreciation of assured assets is a admin outcome and not deductible for tax purposes. If decrease is deducted from the command accounts to document the net profits for tax purposes the depreciation is then accessorial back as the allowable tax assertion is the property percentage relevant to those property set money. Same beside proceeds and losings on the dutch auction of known assets which are accounted for beneath property allowances.

Specific trade uniforms and outfit is deductible whereas basic rig-out albeit expedient for the carry out anyone carried out is not deductible.

Small same hired company may not contention donations to clubs, charities, associations or ambassadorial parties are not allowed for tax purposes. Subscriptions to commercial associations which could be associated to the conglomerate objectives would be allowable as mortal for commercial purposes.