Transitional rules

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

If you are a small business taxpayer and you do not enter the STS, transitional rules apply to prepaid business expenditure where the eligible service period ends not more than 13 months after you incur the expenditure. Your prepaid business expenditure is divided into 2 parts:

• the current year amount
• the later year amount.