'Costing for Maximum Profit'
Page 15
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• On July 19 the Chancellor of the Exchequer announced further changes in regard to commercial vehicle tax allowance (CM July 23). In the light of these changes the Inland Revenue tables included on pages 15 and 16 of "Costing for Maximum Profit", published by CM in 1970, should be adjusted according to the following provisions: 1. Tn place of the '60 per cent tax allowance inti.oduced by the Chancellor for plata /commercial vehicles in October of last year, an enhanced allowance of 80 per cent came into force on July 20, 1971.
2, This new "1st year" allowance applies to capital expenditure incurred between July 20. 1971 and July 31., 1973.
3, Thereafter commercial vehicles will be depreciated at the kune rate as hitherto, ie 25 per cent on the written clown balance at the end of each year.