Expenditure on gas cavities ineligible for allowances for plant

Aparna Nathan QC successfully represented HMRC in the Upper Tribunal in Cheshire Cavity Storage 1 Ltd and another v Revenue and Customs Commissioners [2021] UKUT 50 (TCC).

The issue was whether expenditure incurred on the creation of underground cavities by a process of leaching and debrining was eligible for allowances for plant. The Upper Tribunal, upholding the decision of the FTT, held that it was not eligible.

The Upper Tribunal’s decision discusses the plant vs premises distinction.

To read the full decision, please click here.

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