Introduction Hotels are abundant in qualifying items of plant and machinery (P&M) and repairs. In the vast majority of cases, the total allowances are not fully identified by either the in house accountants or external advisors. Why does this happen?
Read moreHMRC have recently updated their "Capital Allowances for Plant and Machinery Toolkit". This provides a helpful guide for completing the capital allowances section in self assessment and company tax returns. Capital Allowances toolkit To discuss any capital allowances queries contact
Read moreClients generally assume that their accountant or tax advisor deals with capital allowances. In fact some clients will ask their accountant if they claim allowances and they will respond that they claim all available allowances. However, as explained below, this
Read moreWhat is contaminated land? For the purposes of this tax relief it is where the land contains substances such as asbestos, Japanese Knotweed or sulphate resistant concrete which are causing harm or could possible cause harm, pollute or possibly pollute
Read more