OTS starts new review on capital allowances and depreciation
OTS publishes their scoping document for a review on capital allowances and depreciation
▤ Verbatim text from source document
Today the OTS has published a document setting out the scope of a new review exploring the impact and challenges of replacing capital allowances with accounts depreciation. This work follows up one of the main recommendations in the OTS’s review on Simplifying the CT computation published in July 2017.