HMRC is set to refuse a claim for R&D tax credit relief, six years after originally opening an enquiry in February 2012. The claimant company, Hadee Engineering Co Limited, is likely to lose out on a previously claimed tax refund of over £85,000. The First Tier Tribunal case is unusual in that the enquiry was … ContinueRead more
As one of the most experienced fiscal incentive specialists in the UK, we have helped generate in excess of £1bn of additional tax savings on behalf of our clients.
Here we provide case studies of some of our most prestigious and high-value engagements and present insightful analysis and commentary across a variety of topics.
Case study – Historical review of enhanced capital allowances
Review and analysis of data centre operator's historical capital allowances. Total expenditure: £27m Total plant and machinery allowances - £23.2m Total tax saving @ 20%: £4.64m
Senior consultant, Phil O’Connor, has been featured in Insider Ireland discussing the benefits of claiming tax relief on commercial property purchases in the Republic of Ireland. He outlines that most investors that acquire commercial property in Ireland are unaware of their entitlement to claim tax relief on a large proportion of their capital expenditure, which … ContinueRead more
Leading fiscal incentives consultancy, Gateley Capitus, part of law-led professional services group Gateley, has expanded its offering with the appointment of Peter Jelfs, who joins as Head of Research and Development (R&D) Tax Incentives. Peter will be based in Birmingham overseeing the preparation of R&D tax credit and Patent Box claims and managing the delivery … ContinueRead more
In a recent court case, two men were jailed for a number of financial and tax offences, including attempting to make a fraudulent research and development (R&D) tax credit claim of £850k by creating false invoices. HMRC worked with Warwickshire Police to secure the convictions of Stephen Murrall and Peter Harris who, amongst a range … ContinueRead more
On Wednesday, the Chancellor was faced with a real test as he faced the issue of economic uncertainty and a downgraded growth forecast by the Office for Budget Responsibility. Productivity has been the buzzword of the summer and Philip Hammond was very keen to be seen to address the systemic issues that the UK has … ContinueRead more
What do corporation tax loss relief and interest restrictions mean for property companies and wider business? Past is prologue Back in the spring of 2016, the then Chancellor of the Exchequer George Osborne announced changes to the way companies could carry forward historical losses to mitigate tax. The measures designed to modernise the UK’s loss … ContinueRead more
Valuation of wear and tear allowances on a €10.2m six-storey modern office purchase in Dublin 2.
Total expenditure: £10.2m
Total wear and tear allowances: €2,7m
Total tax saving @ 25%: €675,000Read more
Capital allowances on the regeneration of a city centre.
Total expenditure: £63m
Total plant and machinery allowances – £13m
Total tax saving @ 20%: £2.6mRead more