The end-to-end client process takes between 6-10 weeks. Our in-depth understanding coupled with our extensive experience in this area allows to deliver tangible results for you – on time, every time. We follow this simple six-stage process:
STEP 1 – Basic property and accounting information is required to do an initial assessment on potential tax savings available.
STEP 2 – Signed agreement on fee amount and structure based on property and tax information provided by the client. (on the fee amount and structure based on property and tax information is provided by the client.)
STEP 3 – Conducting a background check on the property to ensure entitlement. Checking ownership history of the property going back to 1996 to see if plant & machinery allowances have previously been claimed.
STEP 4 – Subject to confirmation of entitlement, a survey of the property is conducted, and a report produced detailing plant & machinery identified within the building which capital allowances can be claimed on.
STEP 5 – Capital allowances report is prepared and sent to your accountant who submits it to HMRC. If necessary your accountant is briefed on how to submit the report to ensure the maximum benefit is realised.
STEP 6 – After submission, a tax rebate is received from HMRC (the amount will vary according to how much tax has previously been paid). The greater the amount of tax paid for any “open” tax year, the greater the rebate. Future tax savings will be realised until the allowances run out.