Kendo65

Good Morning, I have a question about AIA and the options open to me in the 2023 - 2024 tax year self assessment. I am completing my self assessment using the cash basis. I claimed for my instructor car fitted with dual controls within my 2022 - 2023 self assessment, this claim made me a loss of just over £5,000 in 2022 - 2023, can I claim this loss within my 2023 - 2024 self assessment, or am I restricted due to the cash basis type of account I carry out.

Hi again, I have to now adjust my 2022 to 2023 tax return, I didn't realise that I could claim 100% for my driving instructor car, fitted with dual controls, I have completed the 2022 to 2023 cash basis tax return. My question is, I now know I can claim the annual investment allowance for my instructor vehicle. Do I need to include the cost of the instructor vehicle within the total value for expenses or will the system take it into account once I've entered the value into the AIA section, or will I now have to complete a detailed breakdown of my expenses. Thanks in advance.

Hi, I have a question regarding simplified tax. The annual investment allowance for driving school vehicles, can this claim be made in the self assessment simplified tax section as a detailed breakdown. Or would I have to use traditional accounting rules. Thanks in advance. Ken.

Hi, could I ask, can I make am adjustment to my 2022 to 2023 tax self assessment, if so, what is the time limit form this adjustment, I've read so much and it seems confusing. Thanks in advance.