UK Businesses Can Claim Back £5 Billion in 5 Years

UK Businesses Can Claim Back £5 Billion in 5 Years

As the nation's SMEs struggle in the face of January's VAT rise and rising inflation, Portal Tax Claims- a new specialist capital allowance claims company launched this month- have identified a staggering £5 Billion in unclaimed taxes available to nearly all commercial property owners.

Money spent on improving a property, barring immovable additions to the structure, can be partly offset against the company's income for tax purposes. Most commercial property owners will think such additions are limited to moveable items like office furniture, but do not realise that money can be claimed for a wide range of often overlooked additions....