CAPITAL-ALLOWANCES

Rhiannon Kinghall Were (Macfarlanes) reviews a busy year, including major changes to the way in which the UK taxes non-residents, the taxation of the digital economy and the effects of Brexit.

Steven Bone

Steven Bone (The Capital Allowances Partnership Ltd) reviews the new capital allowance introduced for non-residential structures and buildings.

Matthew Hodkin

David Schultz

Matthew Hodkin and David Schultz (Norton Rose Fulbright) consider the broader implications of an FTT decision on capital allowances for expenditure on a hydroelectric power project.

The Office of Tax Simplification’s recent review of capital allowances found ‘no conclusive case’ for replacing the current rules with accounting depreciation, reports Steve Smith (JLL). But might one area for reform be a solution that encourages energy efficiency?

Sarah Squires

Sarah Squires (Old Square Tax Chambers) looks ahead to what the draft legislation needs to cover.

Martin Mann

Martin Mann (Gabelle) looks back on some of the most significant tax changes affecting SMEs in recent months.

Michael Everett

Peter Casey

HMRC has outlined its current thinking on options to change the UK tax treatment of leased plant and machinery to ensure the tax rules in this area remain fit for purpose after the adoption of IFRS 16. Michael Everett and Peter Casey (KPMG) consider the background and the various proposals.

Steven Bone

Steven Bone (The Capital Allowances Partnership Ltd) answers a query on a capital allowances s 198 election for plant and machinery fixtures which is being challenged by HMRC.