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Capital allowances
HMRC Brief 12/09 issued on 31 March (see is entitled 'Re-classification of claims to capital allowances'. In HMRC's words the Brief: 'clarifies the HM Revenue & Customs (HMRC) view that once a business has exercised its choice to claim one type of capital allowance rather than another that choice may not be revisited and effectively reversed in respect of expenditure incurred in a closed year under the “error or mistake” provisions'.
Misdirection concession withdrawn
Extra-statutory concession 3.5: 'Misdirection' gave the view of HMRC of the circumstances in which HMRC would regard itself as bound by incorrect advice given to customers in respect of VAT and insurance premium tax.

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