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Another Stealth Tax?

 
Martin Scammell and Damian Shirley Eversheds LLP update us on HMRC's most recent Business Brief on the Capital Goods Scheme
 
The Capital Goods Scheme — or as some pedants would have it the Capital Items Scheme — is one of those areas that everyone has long tried to brush over. It was introduced in 1990 semi-apologetically with the air of paying mere lip service to the Sixth Directive. Customs in those days were always telling us that hardly anyone was partly exempt — truer then than now — and by limiting the CGS's scope to computers costing £50k plus and to certain property spend of £250k plus they were quite deliberately ensuring that it wasn't too much of a burden. The average business one might have thought...
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