How we claimed £12,000 in capital allowances for a Merthyr manufacturer
Client K runs a manufacturing and assembly business from a Merthyr Tydfil business park. The Ltd company had invested in production machinery, tooling 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 machinery, tooling, equipment, 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 director remuneration for further efficiency.