8U.K.After section 33 insert—
(1)In calculating the profits of a trade on the cash basis, no deduction is allowed for items of a capital nature, other than expenditure that—
(a)if it were not allowable as a deduction in calculating the profits of the trade, would be qualifying expenditure within the meaning of Part 2 of CAA 2001 (plant and machinery allowances), and
(b)is not expenditure incurred on the provision of a car.
(2)In this section “car” has the same meaning as in Part 2 of CAA 2001 (see section 268A of that Act).”