About The Claim
York Roast Co Group Ltd is a holding company with a diverse portfolio of restaurants, takeaway outlets, and a radio station. The capital allowances claim focused on a property that had been converted from a warehouse into a ground-floor radio station with offices on the upper floor. The allowances claimed included General and Special Rate Pool Allowances (claimed as Annual Investment Allowance), Super-deduction, First Year Allowances, and Structures and Buildings Allowance.
Importantly, some of the capital expenditure had already been identified and claimed by the client’s accountant. As such, great care was taken during our process to exclude this previously claimed expenditure and avoid any duplication.
Our Approach
We began by carrying out an initial review of all the information provided by the client and their accountant. This allowed us to assess the potential scope of the claim. A proposal was then prepared to outline the estimated tax-saving benefits for the client.
Once we had a signed agreement in place, we arranged for a physical survey of the property. This enabled our surveyors to create a detailed inventory of the qualifying items. Following the survey, a valuation of the identified items was conducted. Our technical team then analysed this valuation to determine what expenditure was claimable and ensured it was allocated to the correct capital allowance pools. Where actual costs were available, these were used in preference to estimates to provide greater accuracy.
A copy of the inventory was shared with the client for their review and approval before finalising the claim. Once the valuation was approved, we prepared a Claim Summary. This document included a full breakdown of the claim, the projected tax-saving benefits, and guidance for making the necessary entries in the company’s amended tax returns for 2022 and 2023. This summary was then passed on to the accountant for processing. After receiving confirmation that HMRC had accepted and processed the amended returns, final reports were issued to complete the project.
Examples of some of the embedded qualifying items that we found...
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EV charging point
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Built-in wall units
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Hessian fabric for studio walls
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Fitted mirrors
“The team provided exceptional guidance throughout our capital allowance claim process. They left no stone unturned, ensuring we received the maximum benefit. Their expertise has saved us a significant amount in taxes, and we couldn’t be happier with the results!”
Stephen Chadwick | Co-Founder
“The team have done a great job of helping our clients uncover significant tax savings through capital allowances. Their professionalism, thoroughness, and detailed reporting give us complete confidence in their work.”
Phil Emery | Director
Royston Parkin Accountants
An observation from our Claims Analyst, Christine Hunter...
“This case really highlighted the importance of collaboration. It was crucial that we worked closely with the client’s accountant to ensure the amended tax returns were accurate and to prevent any double claiming of allowances. Good communication made this a smooth and successful process.”
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