Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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Personal Taxation


Completing a self assessment tax return can be a challenge. You not only risk fines for missing HM Revenue & Customs (HMRC) deadlines and interest being charged on late payments, but HMRC is now taking a tougher line on incorrect returns, with substantial penalties for errors they regard as careless or deliberate.

And although HMRC will calculate your tax, unless you have a good knowledge of taxation, it may not be wise to assume the outcome is correct.

Our dedicated tax team will collate all your records and paperwork, and any additional information you give us, to complete your tax return for you, quickly and cost-effectively.

And when we prepare your return, we will aim to save you as much tax as we can by making use of all the reliefs available to you, including those that non-tax specialists would not be aware of.

We’ll also calculate your tax liabilities and protect you from last minute surprises by giving you notice of these as far ahead as we can, so that you have as much time as possible to make payments.

For your peace of mind, all the tax returns we prepare are double-checked by a suitably qualified member of our tax team before being sent to HMRC.

We will also receive and check copies of notices of coding and statements of account from HMRC, so that we ensure that all the details are correct.

To find out more about how we can help you, please contact LRH accountants in Calderdale.

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Latest News

Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

May 12th, 2025

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially.

There are a variety of capital allowances available, including:

  • Full Expensing
  • Annual Investment Allowance (AIA)
  • Writing-Down Allowances (WDA)

The allowance that your business is eligible for depends on what you buy, how much you invest, and how your business is structured.

Full Expensing

Full Expensing allows companies to deduct 100 per cent of the cost of qualifying plant and machinery assets from taxable profits in the year of purchase.

This applies to new assets only and is available to limited companies subject to Corporation Tax.

It is an ideal option if you are looking for immediate relief or using the investment to improve cash flow.

Annual Investment Allowance

The AIA offers a similar benefit but is more widely available to sole traders, partnerships, and limited companies.

This allowance allows for 100 per cent relief on qualifying expenditure up to £1 million per year.

Unlike Full Expensing, AIA can apply to both new and used assets, though exclusions can apply to assets such as leased items.

Writing-Down Allowances

WDAs apply to any expenditure that exceeds the AIA threshold or when assets are not eligible for Full Expensing or the AIA.

These allowances offer tax relief spread over several years, typically at a rate of relief against profits of 18 per cent for main pool items and six per cent for special rate pool items, like integral features or solar panels.

How to claim capital allowances

Capital allowances must be claimed within your tax return and can be set against your business’s taxable profits. Eligible items must be used in your business, not for personal use.

There are additional schemes, such as Enhanced Capital Allowances, which can be used for “eco” investments, which may also be useful to certain businesses.

For a full list of qualifying items and further guidance on how to claim, please visit gov.uk/capital-allowances or speak to your tax adviser.

If you would like to know more about the capital allowances available to your business, please get in touch.

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