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 covers:

 

  • 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

 

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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 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’. 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 and is looking forward to the publication of his first novel, Trinity of Souls, in January 2024. 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. He has three children, and his first grandchild arrived in April 2021