How we claimed £12,800 in capital allowances for a Port Talbot engineering-supply firm
Client K runs an engineering and fabrication-supply business serving the Port Talbot steel and industrial sector, set up as a Ltd company. The company had invested in machinery, fabrication 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 fabrication and engineering equipment, machinery, 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.