Posted on 3 December 2013
When you think of the holiday season, tax is often the last thing that comes to mind! However, with the January Self Assessment deadline edging closer, now is the perfect opportunity to ensure you are reaping the full benefit of your Capital Allowances entitlement and to consider how to mitigate your tax liability for the coming year.
Please get in touch with one of our tax experts who will be able to discuss and unlock any previously unclaimed qualifying ‘fixed’ expenditure. This could be an immediate impact in reducing your tax liability for 2012/13 or your 2013/14 first payment on account and, if the process is completed prior to the January self assessment deadline, it could also open up the possibility of adjusting an earlier year to generate a tax refund!
Please contact one of our Tax team now to discuss your Capital Allowances or any other tax planning.