While every attempt will be made to ensure that information provided is accurate at the time of publication, it should be treated as guidance only and does not constitute legal or professional advice. Tax law and guidance changes frequently and readers are advised to consult the current relevant publication for the most up-to-date information on this topic.

For 2013/14 onwards, all unincorporated businesses can deduct certain types of expenditure on a simplified flat rate basis in computing their taxable trading income. Detailed in-depth information on this change can be found in this brand new chapter from Tolley's Income Tax 2013-2014. Tolley's Income Tax is the definitive work on the subject, providing comprehensive, but straightforward and concise coverage of the relevant statute law, case law and HMRC practice.

Download book chapter – Tolley's Income Tax – Trading Income, Fixed Rate Deduction Scheme

Download book chapter - Tolley's Income Tax - Life Assurance Policies