Course Details

A new capital allowances regime began in April 2023, with the advent of full expensing: an immediate 100% deduction for expenditure on qualifying plant and machinery by companies, with no monetary limit. It seems almost too good to be true. But what are the limitations of full expensing, what are the drawbacks. Companies now face a dazzling array of potential capital allowances claims and they will need your guidance to make the best choices, to save tax now, and in the future.

 

In this session, Carl Bayley will cover:

 

  • What expenditure qualifies for full expensing, and what doesn’t?
  • What other capital allowances are available?
  • The treatment of disposals and potential tax cost arising
  • Choosing the best capital allowances for the company to claim
  • When not to claim allowances

 

By attending this session, delegates will understand the range of choices available to companies when claiming relief for capital expenditure and how to go about making the best choice to save tax both now and in the future.

 

The session will be of benefit to general practitioners, tax advisers, accountants working in industry, company owners, and accountancy students.

 

Course Level: Intermediate

CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of plain English tax guides designed specifically for the layperson and the non-specialist (available from www.taxcafe.co.uk). His particular speciality is his ability to take the weird, complex, inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand. Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the ICAEW. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ programme and BBC Radio 2’s Jeremy Vine Show. Carl is a past Chairman of the Tax Faculty of the ICAEW and former member of the Institute’s governing Council and Board. Aside from his tax books, Carl is an avid creative writer. His first novel, Trinity of Souls, was published in 2024, with his second, Destiny of Souls, following in March 2025. When he isn’t working, he takes on the equally taxing challenges of hill walking and horse riding: his Munro tally is now 106 and, while he remains a novice rider, his progress is cantering along nicely. Carl lives in the Scottish Borders, where he enjoys spending time with his partner, Linda.