capital allowances

Tax Deductions – are you getting them soon enough?

Until 31st December 2015 purchases of Plant, Equipment, Fixtures & Fittings (Excluding cars)  i.e. Capital Allowances(CAs) of up to £500,000 in a financial year receive a full tax deduction all at once; any excess is spread over 20 years plus.

e.g. your company has ordered some new machinery but it will take a couple of months to arrive and be installed. […]