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Urenco V HMRC Capital Allowances Tax Tribunal - Lovell Consulting
Overview There has been a recent First-Tier Tribunal (FTT) case on whether Urenco (Appellant) is entitled to claim capital allowances in respect of the disputed expenditures on the construction of Tails Management Facility (TMF) at a nuclear site. Total project cost is circa £1bn. Most of the expenditure qualifying for capital allowances has been agreed. …