News & Current Issues

Budget 2013

The Chancellor of the Exchequer, George Osborne MP, delivered his fourth Budget speech to the House of Commons on 20 March 2013. The announcement followed closely with the themes of previous years - public expenditure will be squeezed, taxes on businesses will be eased but fiscal targets have been missed.

Indeed, the most controversial issue raised was that the London Evening Standard had published details of the Budget before the Chancellor had even stood up! Read more in the related document Budget 2013.

Happy New Year!

2013 is the time to start thinking about your Capital Allowances to ensure that you are maximising your claims and minimising your tax bill! Capitus can help you to take advantage of the latest changes to the capital allowances legislation.

Now is the time to invest

The Annual Investment Allowance (AIA) has kindly been increased tenfold by HMRC to £250,000 for a period of two years from 1 January 2013.

Be prepared for change

From 1 April 2014 a purchaser wishing to claim capital allowances must ensure that any vendor who was entitled to claim capital allowances has identified and pooled the qualifying items prior to sale. If a vendor fails to pool allowances prior to sale, no capital allowances will be available to future purchasers.

Capitus can review your existing capital allowances position and advise on how to protect your entitlement to allowances in the future. We hope 2013 is a great year for your business and look forward to assisting you with all your capital allowances queries and claims.

Best wishes from all the team at Capitus.

Autumn Statement

The Chancellor of the Exchequer, George Osborne, delivered his second ‘Autumn Statement’ (during Winter) on 5th December. This annual update allows Osborne to comment on the general health of the economy and outline some relevant policies for the coming tax years. Read more in the related document Capitus - Autumn Statement Summary 2012.

MoneyBee Tax

Capitus is delighted to announce the launch of MoneyBee Tax, a specialist capital allowances service for small and medium enterprises, and private investors.

MoneyBee Tax is designed to provide quality advice and dedicated service to these investors.

For more information on MoneyBee Tax, visit www.moneybeetax.co.uk.