05.09.11
Consultation on Pooling closes
The Consultation period on the proposed introduction of time limits for the pooling of capital allowances closed on 31st August. We must now wait to see how long HMRC are going to allow tax payers to submit their capital allowances claims. For new expenditure this is likely to be at least a year and probably two.
On historic purchases and extensions again we are hoping for at least two years. A response from HMRC is expected in the Autumn.
For more information see the 4-thought guide in our technical section.