2012 April | Portal Tax Claims

Archives for April, 2012

Capital allowances: HMRC’s big gift to small companies

April 25, 2012 at Press

Capital allowances: HMRC’s big gift to small companies Capital allowances may be familiar to many SMEs as a way of claiming back tax relief, but not many will know the full extent of the allowances which they may be entitled to. While many businesses claim capital allowances on items such as computers, phones and cars, they could be missing out ... Read More

Radical changes set for capital allowances system

April 20, 2012 at Press

Radical changes set for capital allowances system Jeanette Edmiston warns that legislation in the Finance Bill will bring radical changes to the capital allowances system - and the industry needs to be ready The Finance Bill 2012 contained the final legislation which will bring sweeping changes to the way the capital allowances system for tax relief on plant and machinery operates. This ... Read More

Reduced AIA Limit Now In Force

April 10, 2012 at Capital Alowance

Reduced AIA Limit Now In Force From this week the annual investment allowance (AIA) will reduce to £25,000 per annum for all businesses incurring expenditure on plant or machinery. The measure will have effect from 1 April for businesses liable to pay corporation tax, and 6 April 2012 for businesses within the charge to income tax. This means that ... Read More

Capital allowances: a gift to small businesses

April 4, 2012 at Press

Capital allowances: a gift to small businesses While many businesses claim capital allowances on items such as computers and cars, not many are aware of the huge tax savings that can be made in claiming on other ‘plant and machinery’ items that are embedded in their property. Most commentators agree that over 90% of commercial properties in the UK have untapped ... Read More

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Est Allowances
Our Fee
Tax Relief on Fee
Net Fee Payable
Net Tax Benefit

Tax refund

10/11 Tax Year
11/12 Tax Year

Tax reduction for current year:

12/13 Tax Year

Balance tax for mitigation:

Future Tax Years

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Values Shown are not guaranteed and have been based upon assumptions including that you have paid tax over the last two years to at least the refund amount shown and assumes all assets are in the 20% main pool of allowances. Some assets may be in the 10% integral features pool which will lower the annual amount claimable, however the total benefit of the allowances remains the same. The amount claimed will depend upon your personal circumstances and are shown above for illustration purposes only.

This calculator is for illustration purposes only.

If AIA is included in the calculations, we assume that no previous deductions within the AIA allocation has been submitted.

You cannot claim Capital Allowances before the year of purchase.

Our fee is a legitimate business expense and as such is tax deductible.

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