New decision on what qualifies as expenditure on the provision of plant
The Court of Appeal decision on the “Gunfleet Sands” capital allowance case has recently been published. The Gunfleet Sands case
EPL changes in Finance Bill 2024/2025
The Third reading of the Finance Bill 2024/25 was held on 3 March 2025. The bill has now passed to
Supreme Court decision published in the Royal Bank of Canada case
In July 2023, we published a newsletter on the Court of Appeal (‘CA’) decision that considered whether an oil and
Budget: Energy Profits Levy (EPL) – Capital allowances unchanged
The Chancellor delivered the Budget today. While some of the changes announced will result in an increase in EPL the
Energy Profits Levy – surprise announcement
HM Treasury published a policy paper yesterday, which sets out some details on the changes that are intended to be
EPL instalment interest
Worth checking the position When EPL was introduced with effect from May 2022 there was some confusion as to how
Spring Budget 2024
The Chancellor delivered the Spring Budget 2024 today. We summarise below the announcements that were made on the specific rules
Green Investment Pledge
The Labour Party announced on 8 February that they are dropping their pledge to spend £28bn per year on “green
Autumn Statement 2023
The Chancellor delivered the Autumn Statement 2023 today. We summarise below the announcements that were made on the specific rules