Since its introduction in April 2008, the Annual Investment Allowance (AIA) has been subject to numerous changes. 1 January 2016 sees the latest change to the AIA, with the allowance set to fall from £500,000 to a new permanent level of £200,000. This reduction will undoubtedly have an impact on many businesses and the timing of expenditure will be critical when maximising claims under the AIA.
Download our factsheet on the right hand side of this page for an overview of the capital allowances system and information on the upcoming changes to the AIA, as well as advice to help businesses plan ahead so that they receive the maximum tax benefit.
Contact your local office if you wish to discuss the contents of the factsheet or if you would like any further information or advice.