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Posted Mon, 11 Apr 2022 13:19:50 GMT by Sue MacDowall
Hi, last year I purchased a van and entered it on the 20/21 tax return as an allowable expense. Should I have entered it as a Capital allowance and is it too late to change this now?
Posted Tue, 12 Apr 2022 11:21:54 GMT by Sue MacDowall
anyone please?
Posted Tue, 12 Apr 2022 16:20:45 GMT by HMRC Admin 10
Hi

If you were self employed  in 2020/21 and used the van for business purposes, you could claim the relevant expenditure as a Capital Allowance.

Please note that you have until 31 January 2023 to make any changes to  your 2021 tax return.  

Claim capital allowances

Thankyou.

Regards.

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