How we claimed £12,400 in capital allowances for a Washington manufacturing-supply firm
Client K runs a manufacturing-supply and components business from a Washington industrial estate serving the automotive sector. The Ltd company had invested in machinery, tooling and handling equipment, 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, handling and warehouse equipment 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.