How we claimed £13,400 in capital allowances for a Burton food-production firm
Client K runs a food-and-drink production business from a Burton-upon-Trent industrial unit. The Ltd company had invested in production machinery, refrigeration, packaging equipment and commercial vehicles, but the previous bookkeeper had simply expensed routine costs and hadn't identified the substantial capital allowances available.
We reviewed the capital expenditure. The production and packaging machinery, refrigeration, the commercial vehicles and IT qualified for capital allowances, with the Annual Investment Allowance and, for qualifying new plant, full expensing for companies. We claimed the allowances across the open periods, significantly reducing Corporation Tax, and reviewed the VAT treatment of the product range and the director remuneration.