Commentary on Sections Overview Overview Section 1125: “Software or consumable items”
2907.This section defines “software or consumable items”. It is based on paragraph 6 of Schedule 20 to FA 2000.
2908.When the legislation was introduced relief under all the Chapters in this Part was given for expenditure on “consumable stores”. Schedule 2 (transitionals and savings) preserves this for pre-trading expenditure treated as incurred in the accounting periods to which this Act applies. It is relevant only to expenditure incurred before 1 April 2004.