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
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UPPER TIER TRIBUNAL TAX CHAMBER There have been a run of cases heard before the courts relating to civil and structural works, with debate about what constitutes a structure as opposed to plant. In August 2019, the FTT heard The
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CHESHIRE CAVITY STORAGE 1 LIMITED and EDF ENERGY (GAS STORAGE HOLE HOUSE) LIMITED V HMRC [2019] FIRST TIER TRIBUNAL TAX CHAMBER (FTT) Background Both appellants were companies in the EDF Energy PLC Corporate Group and they operate gas storage facilities
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Capital Allowances - Keeping track of accounts coded Furniture, Fixtures and Equipment expenditure - Be careful! Typically, Accountants recognise the potential to claim allowances on accounts coded Furniture, Fixtures and Equipment (FF&E). This is normally for directly paid invoices for
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HORA TEVFIK V THE COMMISSIONERS FOR HER MAJESTY’S REVENUE & CUSTOMS FIRST TIER TRIBUNAL TAX CHAMBER (FTT) Claiming capital allowances on Homes of Multi Occupancy (HMO) has long been a hot potato, with confusion surrounding what is deemed to be
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