8 July 2015
SUMMER BUDGET 2015
Today's budget was, as widely predicted, a serious and far reaching one for many people and businesses. In terms of capital allowances, however, there was just one significant update relating to the AIA ... - Annual
Investment Allowance (AIA) – The government will increase the permanent level
of the AIA from £25,000 to £200,000 for all qualifying investment in plant and
machinery made on or after 1 January 2016.
This is down from the current very generous limit of £500,000 which was introduced for qualifying expenditure incurred until 31 December 2015.
Of course the planned reduction in corporation tax from 20% to 19% in 2017 and 18% in 2020 is also worth noting!
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