The amount of the qualifying expenditure is given as an expenses deduction1. On making a claim, the company may treat the expenditure as part of its expenses of management for the accounting period for which it is entitled to relief2. Further it may claim an additional deduction for 50% of the expense3.
If in an accounting period a company carrying on basic life assurance and general
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:21