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  • RE: Purchase of a Vans as sole trader

    Hi, Thank you for your reply. If I buy a van to use only for my business, Is it possible for me to keep cash basis accountancy (not simplify) but not treat the vans as capital allowance. Instead, claiming the total cost of the van in the tax period olus all the running cost and maintenance cost such as Fuel, Mot, tax disc, service ect.? thank you M
  • CO2 emission and specia rates

    Hi, Could you please confirm that if I buy a vans with 145g/km CO2 emission, it falls under the capital allowances with special rates 6%. Therefore, for a 20k vans I can only claim a total of 6% of its value the first year, and 6% on the residual value of the next years? Thank you very much
  • Purchase of a Vans as sole trader

    Hi, I am a sole trader self-employed. I would like to buy a Vans to use only for my business. I would pay the van 50% cash from my business and 50% from bank loan with 60 months instalments (to repay from my business). What is the correct method of accountancy in order to claim the full cost of the vans during the next 60 months and the other cost connected to the van such a mot, service, repair but not mileages. Thank you very much