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HMRC internal manual

Business Income Manual

From:
HM Revenue & Customs
Published
22 November 2013
Updated:
13 May 2025 - See all updates
  1. Back to contents
  2. BIM40000

BIM42200 - Deductions: timing: contents

This chapter considers when an allowable deduction should be deducted in computing trade profits.

{For the rules regarding timing of deductions for a business using the cash basis, see BIM70030}.

It contains the following:

  1. BIM42201
    Date allowable
  2. BIM42205
    No specific statutory rule: exclude capital items
  3. BIM42210
    No specific statutory rule: revenue expenditure charged to current assets
  4. BIM42215
    Deferred revenue expenditure
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