Capital allowances from 1st April 2021

As part of the Budget announced on 3rd March 2021, the Government introduced new temporary first-year allowances, including a 130% super-deduction, which will take effect from 1st April 2021 up to 31st March 2023. HM Treasury has provided a factsheet covering the super-deduction here. We have summarised the capital allowances applicable from 1st April 2021[…]

Capital allowances for plant and machinery

How to minimise business tax in 2018/19 If there’s one thing that keeps us awake at night it’s the thought of how many British businesses are failing to claim capital allowances to which they are entitled – worth billions of pounds across the board, according to some estimates. Capital allowances provide the mechanism for tax[…]