As part of the November 2025 Budget, the Government announced the creation of a new ‘First Year 40% Allowance’ for qualifying expenditure on plant or machinery. The allowance came into effect from 1st January this year.
The Government has now published further guidance on the new allowance, with information on the conditions that it applies to, and some case studies as examples of how it can be claimed. Read more >
If, as part of your current and future capital allowance expenditure, you wish to rely on this new allowance, we recommend that you first discuss this with your financial and/or legal advisors, so as to better understand the wider tax and other implications this may have on your business.
