INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Urenco V HMRC Capital Allowances Tax Tribunal

Overview

There has been a recent
First-Tier Tribunal (FTT) case on whether Urenco (Appellant) is entitled to
claim capital allowances in respect of the disputed expenditures on the
construction of Tails Management Facility (TMF) at a nuclear site. Total
project cost is circa £1bn. Most of the expenditure qualifying for capital
allowances has been agreed. However, HMRC (Respondent) contends disputed
expenditures of […]

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