What is the 130% Super-Deduction Capital Allowances

The 2021 Budget announced a new and extremely generous first year allowance for Main Pool Plant at 130% and also a 50% First Year Allowances for Special Rate Plant.These will be temporary increases in tax relief for companies who invest in certain types of new plant and machinery between 1 April 2021 and 31 March 2023.Although a generous give back....
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Budget 2021 - Super Deductions

An interesting Budget 2021 from the Chancellor, yesterday.  The very positive news coming from a focus on business investment as a way to boost capital expenditure, and make the UK a more attractive place to do business and improve business productivity.With our main business being in capital allowances we were pleased by the increased tax ded....
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Budget 2021 Summary

With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021 Budget against a backdrop of ongoing economic hardship.See our short video summary for some of the key business and tax measures presented by Director of Tax, Debbie Franklin, click here.Key measures at a glance:....
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Commercial properties operating in the UK with the highest qualifying expenditure levels..

Mark Anthistle, our Senior Capital Allowances Analyst reviews the different types of commercial properties operating in the UK and identifying which of these yields the highest qualifying expenditure levels as a percentage of the overall purchase price.   Property Types Most commercial properties will include the fundamental qualif....
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The Contractual Disclosure Facility (CDF) – your options

The Contractual Disclosure Facility (CDF) offers you the chance to disclose any loss of tax that has been brought about by your deliberate conduct. Remember this offer expires 60 days after you receive our letter making the offer.You will make a full disclosure of all your tax irregularities under the terms of the CDF. To comply with your part of t....
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