Magee Gammon Blog Tax Annual Investment Allowance

Annual Investment Allowance

ANNUAL INVESTMENT ALLOWANCE SET PERMANENTLY AT £200,000

The annual investment allowance (AIA) was due to be reduced from the current temporary level of £500,000 to just £25,000 from 1 January 2016.

The Chancellor has bowed to pressure from industry to stop tinkering with this allowance for expenditure on plant and machinery and set it at a permanent level so that businesses can plan their capital expenditure. He has decided on £200,000 for the new limit and businesses should consider bringing forward expenditure to before 1 January 2016 to benefit from the current higher allowance.

If you would like more information and advice about how you and your business could benefit from the Annual Investment Allowance please call 01233 630000.

Related Posts