Depreciation on a new commercial vehicle

Accounting
1

Hello,

Can anyone please advise on the rate to depreciate a new commercial vehicle please. I have searched the internet but found conflicting answers.

Thanks in advance

2

Hello @SusanBallogie

There are factors that can influence the rates (type of company, type of car).

I reccomend consulting your accountant or HMRC (the QuickFile support team are not registered accountants.)

I will leave this thread open for now as there are some accountants on the forum who may comment

3

And the rate you depreciate it in your QuickFile books need bear no relation to the rates at which you claim capital allowances on your tax return.