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12th June 1970, Page 55
12th June 1970
Page 55
Page 55, 12th June 1970
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Tax Allowances

for wear tear and wages by John Lymester CAPITAL expenditure on motor vehicles is not an allowable deduction in computing profits for income tax purposes. Depreciation and......

The Costing Column

Paperwork • Operating costs are those items of expense which can be directly attributed to individual vehicles. Overhead costs, in contrast, constitute expenditure incurred in......