Calculating your deduction for pre paid business expenditure

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

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If you are carrying on a business and are not a small business taxpayer or an STS taxpayer, you must apportion your deduction for prepaid business expenditure over the eligible service period or 10 years, whichever is less. However, where the eligible service period ends not more than 13 months after you incur the expenditure, transitional rules may apply.