How we claimed £11,800 in capital allowances for a Halifax manufacturer
Client K runs a manufacturing and engineering business from a Halifax industrial unit, continuing the area's manufacturing tradition. The Ltd company had invested in machinery, tools and a delivery vehicle, 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 machinery, tools, the commercial vehicle 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 director remuneration for further efficiency.