For periods before 1 April 2016 for corporation tax and 6 April 2016 for income tax the cost of replacing implements, utensils and articles employed for the purposes of a trade could be deducted in computing the profits of that trade (provided it was not calculated on the cash basis for unincorporated businesses1, see B2.101A and B2.112)2; this included items such as loose tools. Expenditure on such items would not therefore be of a capital nature and would not also qualify for capital allowances. HMRC states that items such as glasses in a public house, spanners used by a car mechanic, and cutlery in
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