HMRC Simplifies VAT Capital Goods Scheme, Raising Threshold and Removing Computers

• HMRC is simplifying the VAT Capital Goods Scheme to cut administrative burdens for businesses.
• From July 29, 2026, the threshold for land, buildings, and civil engineering works rises from £250,000 to £600,000 (excluding VAT).
• Computers and computer equipment are removed entirely from the scheme.
• Existing assets and projects already in the scheme before July 29, 2026, continue under the old rules until their adjustment periods end.
• Rules for aircraft, ships, boats, and other vessels stay the same.

Source: claritaxnews.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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