Displaying 1-27 of 27 results
INSIGHTS VIEWPOINT
Budget: Key changes impacting business taxation
- Nov 2025
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the changes affecting businesses announced at the Budget, including capital allowances and business rates as well as adjustments to penalty rates for late corporation tax filings and increasing the limits for venture capital reliefs.
Exclusive
TAX FACULTY
Fixtures: the importance of working together
- Sep 2025
- ICAEW
- Taxline
Bryan Crawford explains why cooperation and planning are fundamental when dealing with fixture sales if both the buyer and the seller are to secure the desired tax result.
INSIGHTS VIEWPOINT
HMRC updates its guidance on capital allowances
- Jun 2025
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of recent changes to HMRC’s guidance on capital allowances, including updated guidance on the meaning of “unused and not second-hand" for the purposes of first year allowances (FYAs).
INSIGHTS VIEWPOINT
ICAEW helps improve HMRC’s capital allowances guidance
- Oct 2024
- ICAEW Insights
Following a meeting at which HMRC set out seven areas of the capital allowances regime where its guidance could be improved, ICAEW has provided written comments on those areas and on the guidance generally.
Exclusive
TAX FACULTY
Why special tax sites really are special
- May 2024
- ICAEW
- Taxline
Enhanced capital allowances may be claimed where qualifying expenditure is incurred in freeports and investment zones. Bryan Crawford looks at the conditions for making a claim and explains how businesses can benefit from the reliefs.
A lowdown on full expensing for SMEs
- May 2024
- ICAEW
Announced as a permanent capital allowance in the 2023 Autumn Statement, full expensing is a boon for companies investing in capital assets. Here, we examine the details of the new allowance and how to compile a claim.
Tax news in brief 15 May 2024
- May 2024
Highlights from the broader tax news for the week ending 15 May 2024, including: new guidelines for compliance to help with capital allowances claims; suggestions from the IFS on how to reform IHT; and a reminder for exporters on the move to the CDS.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
HMRC u-turns on double cab pickups
- Feb 2024
- ICAEW
HMRC will continue to treat double cab pickups as goods vehicles for the purposes of the BIK and capital allowances rules.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
HMRC prompts companies to review AIA claims
- Feb 2024
- ICAEW
HMRC has written to companies that may need to share their AIA with fellow group members and related companies.
CONSTRUCTION AND REAL ESTATE COMMUNITY
The true meaning of ‘plant’: some core capital allowance issues
- Feb 2024
- Ray Chidell
We consider the recent tribunal cases of Gunfleet and Acorn Venture, which have shed new light on some core capital allowance issues. From the Chartered Institute of Taxation.
Exclusive
TAX FACULTY
Camping pods and capital allowances
- Feb 2024
- ICAEW
- Taxline
What is a building for capital allowances purposes? This was the question in a recent tax case concerning camping pods, as Stephen Relf discovers.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
HMRC clarifies capital allowances rules for partnerships
- Jan 2024
- ICAEW
HMRC has updated its guidance to make it clear that a partnership which includes a corporate member may claim capital allowances generally restricted to companies. These include the super deduction and full expensing.
Exclusive
TAX FACULTY
Buying commercial property from non-taxpayers
- Sep 2023
- Bryan Crawford
- Taxline
Bryan Crawford considers the capital allowances actions that advisers should be taking when advising non-taxpaying sellers or buyers of commercial property.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Key measures in Spring Finance Bill 2023
- Mar 2023
- ICAEW
The Finance (No. 2) Bill 2022/23 includes Spring Budget announcements such as the full expensing first-year capital allowance, abolition of the pension lifetime allowance charge and investment zones.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Budget for growth: ICAEW's Tax Faculty assesses key tax measures
- Mar 2023
- ICAEW
ICAEW’s Tax Faculty summarises the key tax announcements from the Chancellor’s Budget speech, including pension and capital allowance reforms.
Exclusive
TAX FACULTY
FACULTIES ONLINE
Business tax strategy amid uncertain fiscal policy
- Dec 2022
- Angela Clegg
- Taxline
Angela Clegg examines practical steps for managing the uncertainty within the tax policy environment, including remuneration for owner-managers, the return of close investment-holding companies, the annual investment allowance and the end of the super deduction.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Growth Plan 2022: 19% CT rate and £1m AIA from April 2023
- Sep 2022
- ICAEW
Chancellor Kwasi Kwarteng confirms that the corporate tax rate increase in April 2023 will be cancelled and that the temporary £1m annual investment allowance limit will become permanent.
TAX FACULTY
FACULTIES ONLINE
Capital allowances – where do we go from here?
- Jul 2022
- Paul Vohmann and Richard Jones
- Taxline
Paul Vohmann and Richard Jones set out ideas for incentivising capital investment.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
ICAEW calls for more innovative thinking on capital allowances reform
- Jul 2022
- ICAEW
In its response to HM Treasury’s policy paper on options for reforming plant and machinery allowances, ICAEW’s Tax Faculty sets out ideas to make the regime more targeted and to help the government meet its other policy objectives.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Treasury invites views on reforming UK capital allowance regime
- May 2022
- ICAEW
Chancellor Rishi Sunak wants businesses “to have their say” in how investment taxes should be reformed to “drive and sustain growth in the UK.”
MANUFACTURING COMMUNITY
Treasury Starts Conversation to Reform UK Capital Allowance Regime
- May 2022
- HM Treasury
A publication aiming to kickstart a conversation with businesses about how to reform the UK’s capital allowances regime has been published today.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Spring Statement: Chancellor announces review of capital allowances regime
- Mar 2022
- ICAEW
In his Spring Statement, the Chancellor Rishi Sunak announced a review of the capital allowances system in advance of the Autumn Budget. Several potential options for reform are being considered and will be discussed with businesses and other interested parties.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Boosting business investment: are capital allowances changes on the cards?
- Mar 2022
- ICAEW
In light of a possible announcement on tax relief for business investment at the Spring Statement on Wednesday, 23 March, ICAEW’s Tax Faculty looks at the current incentives and when they are due to expire.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
ICAEW calls for extension of super-deduction to leasing assets
- Apr 2021
ICAEW’s Tax Faculty has written to MPs highlighting that assets purchased with a view to leasing to third parties do not qualify for the new super-deduction or special rate first- year allowance for capital allowances purposes.
INSIGHTS VIEWPOINT
Super-deduction: an attractive measure but start planning now
- Mar 2021
- ICAEW Insights
The government’s new capital allowance ‘super-deduction’ hopes to boost business investment and productivity, but good planning and record-keeping are essential for businesses hoping to take advantage.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
AIA extended for 12 months
- Jan 2021
- David Missen
- Farming and Rural Business Community News
An update on the Annual Investment Allowance.
Claim capital allowances
- Dec 2018
- HMRC
You can claim capital allowances when you buy assets that you keep to use in your business, like equipment, machinery, or business vehicles like cars, vans or lorries. These are known as plant and machinery. You can deduct some or all of the value of the item from your profits before you pay tax.
Displaying 1-27 of 27 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.