Andrew Stanley, founder of STax, a firm set up four years ago to help British businesses maximise entitled tax reliefs, writes about the value of capital allowances for manufacturers.
STax founder Andrew Stanley
Capital allowances are a form of tax relief on items bought for use within a business. They allow manufacturers to write off the cost of assets against taxable profit. Tools, machinery, office or kitchen equipment, computers, vehicles, pieces of plant and factory equipment may all qualify for…
