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Claiming CT allowances online

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HMRC has published new guidance confirming that the corporation tax online service will be updated in April 2022 to support claims for the following allowances:

  • super-deduction and 50% first-year capital allowances for qualifying expenditure on plant and machinery;
  • enhanced structures and buildings allowance in freeport tax sites; and
  • enhanced plant and machinery allowances in freeport tax sites.

Before then, companies will need to claim the allowances using existing the capital allowances boxes in the CT600.

Issue: 1567
Categories: News