What are the Current Capital Allowance Rates?

Understanding the rules for capital allowance and how those rules apply to your business’s circumstances can be a complicated process with an ongoing need to stay up to date with changes in tax legislation, although taking professional advice can help to clarify your tax situation. One important element in this process is an awareness of […]

What are Capital Allowances?

So what are capital allowances, and how exact do they affect UK businesses? When a business purchases certain qualifying assets, a capital allowance can be claimed against those assets, reducing taxable profits. Capital allowances are offered by the UK government to encourage business investment. However, to benefit fully from capital allowances and any other tax […]