Investments and capital allowances
Is your business in need of new plant or machinery? As announced in the 2012 Autumn Statement, the Annual Investment Allowance (AIA) has now increased ten-fold from £25,000 to £250,000 in the tax year. Businesses will have two years to take advantage of the increased amount of investment that qualifies for 100 per cent relief under the AIA, which allows tax reliefs on certain asset purchases and investments.