Effective Dealing with HMRC for Capital Allowances

By : Julie Davies November 3, 2015 Comments Off

There are 4 main areas of concern for HMRC with any Capital Allowances (CA) claim; entitlement, credibility, quantum and eligibility.

Entitlement requires careful consideration of the tax history and appropriate valuation basis. Also considerations of the nature of trade and specific expenditure.

Credibility issues can be reduced by submitting a fully detailed, cross referenced, well […]

Capital Allowances within Restaurants

By : Julie Davies October 7, 2015 Comments Off

Restaurant owners are often overlooking substantial tax allowances. This happens because their accountants and tax advisors may only pick up simple & obvious plant and machinery (P&M) items, i.e. chairs, tables, crockery etc. When fitting out or refurbishing a restaurant, the construction expenditure is generally not very well detailed for capital allowances, therefore not easily […]

Capital Allowances within Nursing Homes

By : Julie Davies September 30, 2015 Comments Off

Introduction

Nursing homes have substantial imbedded plant and machinery (P&M) items and repairs. However the less obvious items often get overlooked by accountants and tax advisors.

Why does this happen?

There are many obvious items of plant such as loose furniture and fittings which accountants can easily identify and segregate to allowances. However there are additional imbedded trade […]

Technical Resources

Effective Dealing with HMRC for Capital Allowances

Capital Allowances within Restaurants

Capital Allowances within Nursing Homes