The general principles underlying the design of the SBA regime are explained at ¶300-010.

A knowledge of these general principles and their interaction with provisions requiring the proportionate adjustment of the amount of allowance in certain cases (see ¶340-020) is necessary to understand their practical application.

The amount of allowance for a chargeable period of one year is 2% of the qualifying expenditure.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.