bosses son
Member
Why do a lot of farmers prefer to buy shiny machinery rather than pay tax? At the same time some seem to live very modestly in their homes
Some folk like to live modestly - even if they can afford to suffer from affluenza.Why do a lot of farmers prefer to buy shiny machinery rather than pay tax? At the same time some seem to live very modestly in their homes
Try telling Public tax payers that reason for subs handouts ???Some folk like to live modestly - even if they can afford to suffer from affluenza.
And what is wrong with buying a new bit of kit if it makes life easier - so long as it is treated well and looked after.
And depreciation gets added back into your tax computation.
It's all a scam to part you from 100% of your money, and make you a slave to finance companies; instead of paying only 25% of it in tax and keeping the rest..
Try telling Public tax payers that reason for subs handouts ???
Probably because if we all went out of business the food wouldn't be there.Can you explain how the BPS keeps food cheap in the supermarket.?
Depreciation is added back to your accounting profit, then capital allowances are deducted, along with various other adjustments to get taxable profit. What is on the accounts is not what will be on the tax return.Please show me where depreciation is used as part of your tax calculations? You get Annual Investment Allowance when you buy (currently £200k) then pay tax if the income from the sale of the asset is part of a business profit.
Depreciation is added back to your accounting profit, then capital allowances are deducted, along with various other adjustments to get taxable profit. What is on the accounts is not what will be on the tax return.
Different ways to look at it.So what is wrong with farmers buying stuff to make their job easier?
Don't forget they are not farm subsidies,they are food subsidies which keep 'food' as in stuff you buy in a the supermarket cheap.
It's the consumer who benefit.
There's a 'depreciation pool' calculation in the Return.Same thing, sort of. I didn't know that depreciation was even submitted for tax accounts.
That's why these "so called professionals" get away with what they do and we just as well ask the revenue in the start ?Same thing, sort of. I didn't know that depreciation was even submitted for tax accounts.