Course Details

In this session, Carl will look at some of the current challenges facing business seeking to maximise tax relief for capital expenditure, the changes that lie ahead in the near future, and the potential impact of other changes we may see after April 2023.

Topics covered will include:

  • The 130% super-deduction and the 50% first year allowance for expenditure incurred by companies before 1st April 2023
  • Transitional rules for accounting periods spanning 1st April 2023 for both the super-deduction and the annual investment allowance
  • Critical issues to consider regarding the timing of capital expenditure by:
    1. Sole traders and partnerships
    2. Small companies with annual profits under £50,000
    3. Medium-sized companies with annual profits between £50,000 and £250,000
    4. Larger companies with annual profits over £250,000
  • Timing capital disposals to best advantage
  • The Structures and Buildings Allowance
  • The future of capital allowances: what might we see and what are the practical implications?

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 layman and the non-specialist. His particular specialty is his ability to take the weird, complex, and 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 Institute of Chartered Accountants. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ program and BBC Radio 2’s Jeremy Vine Show.

Carl began his career as a Chartered Accountant in 1983 with one of the ‘Big 4’ accountancy firms. After qualifying as a double prize-winner, he immediately began specialising in taxation. He worked for several major international firms until beginning the new millennium by launching his own practice, through which he provided advice on a wide variety of taxation issues; especially property taxation, inheritance tax, and tax planning for small and medium-sized businesses, for twenty years, before deciding to focus on his favourite role as author and presenter.

Carl is a former Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales and a member of the Institute’s governing Council. He is also a former President of ICAEW Scotland and a member of the ICAEW Board. He has co-organised the annual Practical Tax Conference since its inception in 2002.