Less: Capital allowances and non-taxable items
You can enter capital allowance figures directly into the Trade / profession / vocation tab or you can use the capital allowances calculators that are available on the Capital Allowances tab.
| Field | Description |
|---|---|
| Change the calculated figures? | Select this if you have used the Capital allowances tab to calculate the capital allowances and you want to manually amend the calculated figures displayed here. Once selected, change the capital allowance summary fields as required. Clear the selection to revert to the values calculated by the system from the Capital allowances tab. |
| Annual Investment Allowance |
The Annual Investment Allowance (AIA) claimed in this period. If AIA values have been entered in the Capital allowances tab, this field is read-only. |
| Small pool balance |
Any small pool writing down allowance that has been claimed. If small pool balances have been entered in the Capital allowances tab, this field is read-only. |
| Capital allowances at 18% on equipment |
Capital allowances calculated at the standard rate of 18% (20% for years prior to 2013). If equipment capital allowances have been entered in the Capital allowances tab, this field is read-only. |
| Capital allowances at 6% on equipment |
Capital allowances calculated at the special rate of 6% (8% for years prior to 202 and 10% for years prior to 2013). If equipment capital allowances have been entered in the Capital allowances tab, this field is read-only. |
| Capital allowances on single asset pools (18%) |
Only applies to the tax year 2023 onwards. Capital allowances at the standard rate of 18% for assets in a single pool. If single asset pools have been entered in the Capital allowances tab, this field is read-only. |
| Capital allowances on single asset pools (6%) |
Only applies to the tax year 2023 onwards. Capital allowances at the special rate of 6% for assets in a single pool. If single asset pools have been entered in the Capital allowances tab, this field is read-only. |
| Zero-emission goods vehicles allowance | If zero-emission goods vehicle allowances have been entered in the Capital allowances tab, this field is read-only. |
| Zero-emission car allowance |
Only applies to the tax year 2022 onwards. If zero-emission car allowances have been entered in the Capital allowances tab, this field is read-only. |
| Structures and Buildings allowance |
Only applies to the tax year 2022 onwards. If structure and building allowances have been entered in the Capital allowances tab, this field is read-only. |
| Freeport Structures and Buildings allowance |
Only applies to the tax year 2022 onwards. This allowance applies on structures and buildings located within new Freeport Tax sites. The allowance applies from the point the site is designated a Freeport site. The first sites were designated in November 2021 and therefore the allowance will only apply with effect from 1st November 2021. If Freeport structure and building allowances have been entered in the Capital allowances tab, this field is read-only. |
| Electric charge point allowance |
Only applies to the tax year 2022 onwards. If electric charge point allowances have been entered in the Capital allowances tab, this field is read-only. |
| 100% and other enhanced capital allowances |
All FYA and other enhanced capital allowances. If enhanced capital allowances have been entered in the Capital allowances tab, this field is read-only. |
| Allowances on sale or cessation of business use |
Any balancing allowances due. If sale or cessation of business use allowances have been entered in the Capital allowances tab, this field is read-only. |
| Total capital allowances | Automatic calculation of the total of all capital allowances entered. |
| Income, receipts and other profits not taxable | Income or other receipts that have been included in the turnover or other income figures but which are not taxable. |