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Legislation
Finance Act 2013

Crossheading Trade profits

  • Section 17 Cash basis for small businesses
  • Section 18 Deductions allowable at a fixed rate
  1. Trade profits
  2. Deductions allowable at a fixed rate

Section 18 | Deductions allowable at a fixed rate

From legislation.gov.uk

Schedule 5 contains provision enabling persons carrying on a trade, profession or vocation to claim deductions for certain expenses at a fixed rate.

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