Insight

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

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Office to hotel conversions and the tax relief that nobody knows about

Overseas residents are visiting the UK in ever increasing numbers according to the Office of National Statistics, which is putting pressure on UK towns and cities to provide enough accommodation[1].  As a way to address this, investors and developers have been looking for new ways to bring hotel products to market and we’ve seen an … Continue

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Why choose an experienced R&D tax credits advisor?

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 … Continue

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A lesson on qualifying R&D tax credits with HMRC

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 … Continue

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Fiscal Incentives – Autumn Budget 2017

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 … Continue

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Our response: The Office of Tax Simplification consulted on the tax relief for tangible fixed assets using accounts depreciation

The UK Office of Tax Simplification (OTS)’s corporation tax computation review, which was published in July 2017, flagged capital allowances as an area of complexity that was raised in almost every meeting the OTS had with businesses and advisers. Most of this confusion stemmed from the difficulty in working out whether an asset qualified or … Continue

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Case study – Fit-out and refurbishment

Review and analysis of expenditure incurred on the refurbishment of a major London office building

Total expenditure: £32m

Total plant and machinery allowances – £14m

Total tax saving @ 20%: £3.34m

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Tax breaks for loss-making companies

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 … Continue

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Whether it’s a current investment project or you would like to discuss a historical review of expenditure, we can help.

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