Supreme Court Tightens Capital Allowances Rules

A recent Supreme Court decision has clarified the limits of what businesses can claim as capital allowances, narrowing the scope for pre-construction and preparatory costs. The case, Orsted West of Duddon Sands (UK) Ltd v HMRC, concerned major offshore wind farm developers, but the principles apply far more widely. For SMEs investing in equipment, infrastructure […]

New Tax Year, New Rules & Rates 2026/2027

The new UK tax year has begun with few headline changes, but the underlying tax position continues to shift. Frozen thresholds and reduced allowances are increasing exposure for many taxpayers, while further reforms already under discussion could have a significant impact from April 2027.   2026/27 UK Tax Year Overview   The 2026/27 UK tax […]