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Making Capital Allowance Claims Easy

No business deserves to miss out on the benefits of claiming for capital allowances. We are now helping accountants take on more capital allowance claims so that accounting firms are able to help more businesses identify their full entitlement.

From the basic groundwork of preparing information requests to analysing fixed assets and filing claim reports, QXAS has deployed a special Business Tax Support team, consisting of experts who will be dedicated to helping out your accounting firm with capital allowance workload.

Our Business Tax Support team is taking out the tedium and complexities of Capital Allowances processing, leaving you ample time for tax advisory and premium advisory services on how to improve cash flow. And all this, without putting a strain on your firm’s time, costs and manpower.

Scope of Work

  • Analysing complex Fixed Assets acquisition and disposals
  • Bifurcation of Capital and Revenue expenditure
  • Prepare Information request to gather further details on Fixed Assets
  • Segregation Fixed Assets between qualified and non-qualified for Capital Allowance
  • Classification of Capital Allowance Pool based on type of Qualified Fixed Assets

You’ll Need to Provide

  • Fixed Assets Register
  • Fixed Assets Refurbishment & Replacement contract/invoices
  • Disposal of Fixed Assets
  • Existing pool of assets
  • Agreement with HMRC (if any) for claiming Capital Allowance

Report

  • Capital Allowance Claim Report
  • Transmittal Letter

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