Record calculations for plant and machinery - special rate pool

Enter the written down value of the pool brought forward from the previous period. If the information was rolled forward from a previous period then the written down value will already be populated.

If you have used the Asset movements tab to enter the purchases in the period, then this field will show the total expenditure that is eligible for First Year Allowances.

If you have not entered any asset movements then you can manually enter a figure of eligible expenditure. First Year Allowances of 100% are available for expenditure on certain energy-saving and water efficient equipment, new cars with very low carbon dioxide emissions, certain vehicle gas refuelling equipment, zero emission goods vehicles and plant and machinery for use in certain enterprise zones. Refer to the HMRC guide.

If you do not wish all of the expenditure eligible for the 100% First Year Allowance to be claimed for any reason, input the amount not to be claimed. This expenditure will instead become eligible for writing down allowance.

Shows the amount of First Year Allowance claimed in the period.

 Shows the expenditure on which the 100% First Year allowances being claimed on plant and machinery expenditure within a Freeport tax site. To make a claim create the associated asset using the Freeport FYA assets tab.

Shows the amount of First Year Allowance claimed in the period.

Shows the expenditure on which the 50% Special rate first year allowance is being claimed. To make a claim enter the expenditure incurred into the grid on the ‘Special rate allowance assets’ tab.

Shows the amount of the Special rate allowance claimed in the period.

If you have used the Asset movements tab to enter the purchases in the period, then this field will show the total expenditure that is eligible for Annual Investment Allowance. If you have not entered any asset movements then you can manually enter a figure of eligible expenditure.

Input the amount of Annual Investment Allowance actually claimed. The AIA limits panel on the right-hand side of the page shows the maximum AIA that can be claimed in the period for all asset types (assuming that the business is not sharing the AIA limit with another entity).

If you have used the Asset movements tab to enter the purchases in the period, then this field will show the expenditure that is not eligible for First Year Allowance or for Annual Investment Allowance. If you have not entered any asset movements then you can manually enter a figure for the remaining expenditure.

Shows the expenditure which is eligible for FYA but which has not been claimed (from the FYA not claimed field above).

This field shows the expenditure which is eligible for AIA but for which AIA has not been claimed (the difference between the Additions eligible for AIA and AIA claimed fields).

If you have used the Asset movements tab to enter the disposals in the period then this field will show the total disposal proceeds from the pool. If you have not entered any asset movements then you can manually enter the total disposals. 50% of the proceeds of an asset on which a special rate allowance has been claimed will be included with other disposal proceeds.

Shows any calculated balancing allowance or balancing charge for the period. A balancing allowance will only arise on the pool when the business or qualifying activity is ceasing.

Shows the balancing charges arising on these assets which represents 50% of the disposal proceeds.

Shows the balance that is eligible for writing down allowances. This is calculated from the written down value brought forward, plus additional expenditure, minus any disposals, AIA and FYA claimed.

Where the residue in the pool is less than the Small Pools Allowance limit for the period then the entire pool can be written down and this field will show the value of the pool to be written down. If the accounting period is longer or shorter than 12 months then the limit will be adjusted accordingly.

Shows the writing down allowance claimed on the remaining pool balance. Where the period straddles a rate change the rate will be adjusted accordingly.

If you want to disclaim any writing down allowances, input the amount not claimed. This will remain in the pool to be relieved in a future period.

Enter the value of any short life assets transferred into the pool at the end of the period.

This amount represents 50% of the cost of expenditure incurred on which a claim to special rate allowance has been claimed in the period.

Shows the pool residue to be carried forward to the next period. When the tax return for the next period is created, this balance will be brought forward into the new period.

Enter the amount of expenditure incurred on environmentally friendly assets. This value can be seen in Box 765 of the CT600. Any allowances on this expenditure should be entered within the Calculation section of this data entry.

Enter the expenditure on the purchase of a car with high CO2 emissions.