Fancy tax relief of up to £250k on your assets?

From 1 January 2013, the Annual Investment Allowance (AIA) increases to a maximum entitlement of £250,000 meaning businesses can claim up to this amount on the purchase of new assets. This higher rate will be available until 1 Jan 2015 when it reverts to £25k and has been introduced to encourage investment in plant and machinery in a bid to aid the … Read More

AIA – spending sprees in the new year?

The Chancellor announced last week that the Annual Investment Allowance (AIA) would be increased from 1 Jan 2013 to £250k par annum for two years. Given the current AIA is currently only £25k, this was somewhat of a nice surprise amid an otherwise rather gloomy Autumn Statement. So, depending on the year end, from 1 Jan 2013, businesses can claim … Read More