What relief is available?
Realising the capital allowances opportunities available to your business yields many benefits, including unlocking significant cash tax savings and increasing cash flow efficiency.
We advise clients on effective ways of managing ongoing fixed asset expenditure and on structuring property investments in a tax efficient manner.
Deloitte’s capital allowances practice comprises three full time partners and over 60 specialists based in a number of offices around the UK.
Our team consists of specialists in tax, accounting and surveying with an impressive track record across all industry sectors. We can review existing claims and historic positions to uplift their value and improve cash flow by identifying available allowances previously missed.
Capital Allowances training course
The inaugural Deloitte capital allowances classroom training course will take place in October 2015. The course will equip you or a member of your team with practical capital allowances knowledge through an interactive learning course.
Please visit the Deloitte Store for more information and to book.
How we helped a high street retail group
We carried out a retrospective review of expenditure incurred over a 7-year period. As is common in the retail sector, our client had vastly under-claimed capitalised revenue deductions. Our retrospective review identified additional qualifying expenditure equivalent to a total cash tax saving of £10 million and generated a tax repayment from HMRC. We went on to develop an automated process for the categorisation of future capital expenditure to maximise allowances.
Our work with a major energy provider
We reviewed expenditure on the construction of an extension to a major power plant. Given the multi-contract nature of the project and limited construction information, we worked directly with the project team and contractors and undertook a thorough survey of the facility to identify over 85% of expenditure as main pool plant and machinery, avoiding the impact of the long-life asset legislation. This enabled our client to maximise tax relief on their expenditure at the earliest opportunity and bring forward reductions in their corporate tax liability.