Transcript: Portia Pierrel on capital allowances

Transcript

I am Portia Pierrel, a capital incentives partner, and I help businesses to maximise tax relief through Government sponsored capital tax incentives that are available to encourage business investment in the UK and to obtain cash tax savings.

Recent changes to the regime has meant the UK is now ranked in the top five in the OECD in terms of the competitiveness of the regime and there are now opportunities for businesses to obtain tax relief on up to 100% of their capital investment.

Along with change comes complexity and we are increasingly seeing businesses needing to place greater focus on for example:

• How to access and get the most out of incentives - this includes consideration on the interaction with other incentives such as grants and R&D credits on transformation projects;
• Preparing, submitting and agreeing claims with HMRC;
• The impact of changes in law in investment decisions; and
• Establishing and updating internal processes (e.g. through deploying technology and AI) to streamline and help facilitate claims.

At PwC, our specialist team works across all industries and sectors to provide end-to-end support to businesses. Please do reach out to me or one of my colleagues to discuss further.