Client Story
How we claimed £13,200 in capital allowances for a Craigavon food-production firm
Client K runs a food-production and processing business from a Craigavon industrial estate. 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.
Total outcome: £13,200 of capital allowances claimed on machinery, refrigeration and vehicles, materially reducing Corporation Tax, plus corrected VAT treatment and a more efficient director remuneration structure.