Following a recent application through Innovate UK Veritas Advisory, together with Brunel University London, are developing AI-assisted technology to aid SMEs to more efficiently collect and categorise data for tax assessment and tax relief. To find out more click here
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Capital Allowances Incentives to Increase?
In a positive move to encourage capital investment Rishi Sunak announced in the 2022 Spring Statement plans to expand the Capital Allowances legislation, subject to a consultation process, to be formally announced in the autumn budget and to take effect from April 2023
Veritas Contribute to UKAA Publication – Improving Returns on Build to Rent
As a member of The UKAA, we were pleased to be invited to contribute to their latest buzz news issue, in which we explain how investors-operators of build to rent can improve investment returns by claiming capital allowances
Veritas Confirmed New Member of UKAA – The Organisation for the UK Build to Rent
Veritas Advisory have now been confirmed as a new member of UKAA, the organisation for the UK Build to Rent sector.
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Latest News
Capital Allowances Incentives to Increase?
23 Mar 2022
In a positive move to encourage capital investment Rishi Sunak announced in the 2022 Spring Statement plans to expand the Capital Allowances legislation, subject to a consultation process, to be formally announced in the autumn budget and to take effect from April 2023
Veritas Contribute to UKAA Publication – Improving Returns on Build to Rent
02 Nov 2021
As a member of The UKAA, we were pleased to be invited to contribute to their latest buzz news issue, in which we explain how investors-operators of build to rent can improve investment returns by claiming capital allowances
Veritas Confirmed New Member of UKAA – The Organisation for the UK Build to Rent
18 Oct 2021
Veritas Advisory have now been confirmed as a new member of UKAA, the organisation for the UK Build to Rent sector.
Veritas Supporting Charitable Causes
01 Oct 2021
We have chosen to support four charitable causes reflecting activities that are close to us and to people we know and would like to raise awareness of.
Using Artificial Intelligence for Capital Allowances
27 Sep 2021
Can Artificial Intelligence help claim capital allowances? In addition to preparing detailed claim reports for clients, Veritas Advisory, in partnership with Brunel University and Innovate UK, are applying technology to solve some of the issues, the main one being how to use data efficiently and correctly.
New Case Law – Potato Store is Plant
07 Aug 2021
JRO Griffiths Limited v The Commissioners for Her Majesty’s Revenue and Customs [2021] UKFTT 257 (TC) resulted in the taxpayer winning their appeal in whether or not a warehouse used to store potatoes for a crisp manufacturer is plant. The taxpayer won on 2 counts.
Estates Gazette Article – Capitalise on Allowances
20 Jul 2021
Veritas Advisory Director Nolan Masters, together with Alex Barnes a Partner at BDB Pitmans LLP, have published an article in Estates Gazette on how capital allowances claims can mitigate the increasing cost of tax on property investment.
New Case Law – Satellites
16 Jul 2021
A Capital Allowances case Inmarsat Global Limited and The Commissioners for Her Majesty’s Revenue and Customs UT/2019/0167 V), has been refused by the Upper Tier Tribunal, in relation to the launch of satellites.
Taxation Magazine Article – The New Super Deduction
04 Jul 2021
In the June edition of Taxation Magazine Veritas Advisory Director Nolan Masters set out how the new super deduction and special rate allowances will affect property owners, occupiers and investors. Click here to read the article in full