Capital allowances are tax incentives to encourage investment. To boost spending and increase productivity, the government has introduced new capital allowances, including ‘full expensing’ which brings generous tax relief of 25p in the pound.
Maximising your capital allowances claims can be complex and the rules can be tricky but now is a great time to invest.
What allowances are available to your business and what are the potential pitfalls?
RSM’s specialist team explains the different types of capital allowances and how they can help your business.
Find out more via the link: https://www.rsmuk.com/what-we-offer/services/tax/corporate-tax