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Menzies LLP - A leading charteredaccountancy firm. This relief is temporary and will end on 31 March 2026 but for companies that take advantage of it will enable up to £250 of each £1,000 of capital spend to be recovered against their tax bill and so potentially significant tax savings are available.
Menzies LLP - A leading charteredaccountancy firm. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. For example, consider a company that has a corporationtax liability of £1 million for the 12-month period ending on 31 March 2024.
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