CAS - Sectors - Pubs, Bars & Restaurants
Pubs, Bars and Restaurants are hubs for social activity and meals out with family and friends. Pubs and Restaurants have varying different themes and can benefit from decorative features and atmospheric additions to create an appealing location for their customers to eat, drink and socialise.
As a pub, bar, or restaurant owner, you can significantly boost your bottom line by claiming capital allowances on your capital expenditures. This tax relief enables you to deduct a portion of the cost of qualifying assets from your taxable profits, putting more money back into your business.
Claiming capital allowances is a savvy financial move for any pub, bar, or restaurant. It enables you to recover significant costs, improve your establishment’s infrastructure, invest in energy efficiency, and enhance your overall profitability. Don’t miss out on this opportunity to strengthen your business’s financial health and competitive edge.
No upfront fee
Our team, are here to build a long term relationship with you and your business, and that's why we don't need hourly rates or day rates - we only bill when your claim is successful.
£55m+
Unlocked for our clients through well prepared, robust and successful UK commercial tax relief claims.
£121bn
Was the total value of UK Capital Allowances claims minus balancing charges in the 2021 to 2022 financial year (HMRC Stat).
In the UK, capital allowances are categorized into different “pools” which determine the rate at which you can claim tax relief on your capital expenditures. Here are the primary cost pools for claiming UK capital allowances:
This pool typically includes most plant and machinery used in a business. The main pool qualifies for the Writing Down Allowance (WDA) at a rate of 18% per year on a reducing balance basis. Examples include:
Cleaning equipment, furniture such as tables and chairs, floor coverings, ambient features, kitchen equipment, decorative assets etc.
The special rate pool includes assets that have a slower depreciation rate and qualifies for the WDA at a rate of 6% per year on a reducing balance basis. This pool covers:
Lighting, heating systems, air conditioning, ventilation systems, hot and cold water etc.
Introduced for contracts entered into on or after October 29, 2018, the SBA allows businesses to claim 3% per year on the cost of constructing, renovating, or converting non-residential structures and buildings. This allowance is claimed on a straight-line basis over 33 1/3 years.
Internal walls and partitions, suspended ceiling, hardwood or tiled flooring, structural shop front.
Capital allowances are available for Bars & Restaurants on expenditure relating to their fit out, refurbishment, construction as well as the purchase of new and second-hand properties. Qualifying items can include pieces of plant and machinery such as cleaning equipment, furniture such as tables and chairs, carpets, floor coverings, ambient features, kitchen equipment, decorative assets. In addition to the various pieces of plant and machinery commonly found in the fit out of bars and restaurants there is typically significant trade related equipment in the cellar such as barrel lifts. Entities are also able to claim allowances on integral features as well, specifically for these types of properties these assets often include heating and ventilation systems, lifts, electrical power and lighting, and hot and cold-water systems.
In addition to the various capital allowances available on plant and machinery and integral features, expenditure on items such as walling, flooring, doors and windows, and roofing may also be eligible for Structures and Buildings Allowance. This is providing that the construction contracts were signed on or after 29 October 2018.
Our team comprises seasoned tax professionals and surveyors with extensive experience in the nuances of capital allowances. We stay abreast of the latest legislation and best practices, ensuring you receive the maximum relief available.
We conduct thorough assessments of your capital expenditures, meticulously identifying all qualifying assets. From plant and machinery to integral building features, our detailed approach ensures nothing is overlooked.
COFFEE SHOPS & CAFES
PUBS & RESTAURANTS
HOTELS
CARE HOMES
INDUSTRIAL & FACTORIES
OFFICES
NURSERIES & CHILDCARE
FURNISHED HOLIDAY LETS
WAREHOUSES
DOCTORS OFFICES & SURGERIES
RETAIL STORES
TRANSPORT & LOGISTICS
DENTISTS
VETS
FARMS & AGRICULTURAL
COMMERCIAL CONSTRUCTION
Claiming capital allowances may seem hard at first, but at the BSE Group, we’re here to help you through the process. Our time within the financial field has given us the expertise needed to help your business claim tax relief. Unlock the hidden value in your capital expenditures with our help.
Contact us today for a free initial consultation and see how our Capital Allowance Team can transform your tax strategy and enhance your financial performance.
