[Mike Osbourne]

I just got an email and if I've read it correct the Yanks have brought in emergency legislation which allows you to buy capital equipment and offset 100% against your profits, in an attempt to stimulate the economy.

I wonder if Mr Scottish Scrooge Brown will follow suite? I sure hope he does. Beats pathetic Vat reduction by a country mile.

[Doctor Carpet (Ret'd)]

Much to my surprise my accountant told me that this is the case at present in our economy. How long it may last is another matter.

[Doug Holloway]

Hi Guys

I was told the same thing the other night.

Cheers

Doug

[Mike Osbourne]

Actually it makes sense. They get us to spend NOW and then claw back the extra profits from the reinvestment in the subsequent years. At least thats the theory.

[Cathedral Floorcare]

i think I'm right in saying this has been planned for a while and came into force for this tax year - I went on a course last year and they told us it was going to happen. 

[Ricky M]

A financial advisor client of mine recons that its at 15% at the min but when things get back to the comfort zone it will prob go up to 18% .

Ricky

[Mike Osbourne]

Don't worry when the Cons get in everything will be alright. :

[Dave_Lee]

Ability,
Thats vat, not capital expenditure.
Dave.

[Ricky M]

oops stella , read it wrong !!

Never mind in my world i knew what i ment !

A Tipsy Ricky