Market leading insight for tax experts
View online issue

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...
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.