John Fowler Holidays have been established for over 60 years and is committed to providing their customers with the best UK breaks possible. They look after thousands of people who trust them with their family holidays every year, whilst striving to make the experience and facilities better than ever.
They have invested millions of pounds to achieve that goal with new and upgraded lodges, caravans and chalets. There are new facilities and activities for customers to enjoy, including an action-packed entertainment programme. With 11 holiday parks in great locations, the options and choice are excellent.
Auditel consultant Daryn Dodge was brought in to help unlock hidden profit from within the business. During Daryn’s investigations, he identified a potential opportunity in unclaimed Property Capital Allowances for the 11 UK-based holiday parks. The expenditure under review was a combination of site purchase costs, alongside ongoing facility improvement and refurbishment, that has spanned 25 years. Daryn brought in Capital Allowance Review Service to help put together the claim.
Daryn picks up the story: “Following a thorough review of all available legal and accounting documentation, the team of experts was able to confirm that a claim was possible, and that unclaimed Capital Allowances could be secured against both acquisition and improvement costs. A previous claim had already been made and John Fowler Holidays’ accountant was very proactive and helpful throughout the process. We were able to project a substantial claim which would include a sizeable refund of tax already paid, plus allowances to offset future tax liabilities.
Capital Allowance Review Service then visited each site and carry out a full survey and valuation of all the embedded property fixtures & fittings that had been acquired and installed over the years. This was completed and the results are self-explanatory – it should be noted that this is not an unusual result, as routine systems are rarely able to pick up all qualifying items without this detailed and technical
On a no-win, no fee basis, we put our trust in the team and gave them the opportunity to use their expertise to put the claim together. The results were amazing, not only did we receive an immediate cash benefit; we will continue to benefit from tax savings for many years to come. I would highly recommend them.”
Mark Tibbert, Thomas Westcott Chartered Accountants comments: “CARS communicated extensively throughout the claim process to ensure our client and ourselves remained aware of progress. This enabled the claim to be included in the most advantageous open period. The final report created to support the claim was comprehensive and easily showed the information to be included on the amended return.”