21 May 2021
Many businesses will have observed with interest the Chancellor of the Exchequer’s Budget announcement of a two year ‘super-deduction’ window for qualifying capital expenditure by companies, along with generous incentives to invest in one of the newly designated freeport areas. So, what are the key features of the super-deduction, and are there any pitfalls to be wary of?
31 March 2021
After the most challenging year in UK automotive history, perhaps some shoots of recovering are beginning to appear for the industry amidst a significant month on month increase in car production and some positive steps announced in the budget.
03 March 2021
Budget boost for buildings and investment with enhanced tax savings. Businesses are urged to plan their capital expenditure wisely to maximise the cashflow benefit.
23 February 2021
The prospect of a relaxing holiday in sunnier climes and joyously packing your sunglasses and flip-flops remains stubbornly (and sensibly) distant. Staycations are back in vogue, with sector operators enjoying high demand and an ability to increase prices. There’s arguably never been a better time to venture into the holiday lettings market. Those who have taken the plunge can look forward to some significant tax benefits.
Phil is a tax director focussed on UK and international tax, with over 20 years’ experience, mainly within the Big 4 and in industry.
Simon specialises in private client tax, working with HNWIs, entrepreneurs and those with complex tax affairs, with a particular focus on rural and professional services businesses.
16 June 2020
Businesses need to adapt premises to reopen to ensure compliance, but this comes at a cost. Implementing a temporary enhanced capital allowance could provide a real cash boost when reserves are depleted.
Michael is a tax partner based in the Nottingham office. Michael works with corporate clients delivering commercial tax advice on international and domestic tax matters including; global tax compliance, overseas expansion, mergers and acquisitions, corporate structuring, new developments in tax law, tax technology and governance, transfer pricing and tax accounting.
Peter is a tax partner based in the London office specialising in capital allowances and developing fixed asset processes that deliver effective information for tax and accounting.