What are changes to Annual Investment Allowances?

There are two welcome measures designed to stimulate business investment in plant and machinery.

We had a temporary “annual investment allowance”(AIA) of £250,000 due to expire on 31 December 2014 but this period has now been extended to 31 December 2015 after which the amount will reduce back to £25,000.

In addition to this one year extension, the chancellor announced that the AIA would be increased to £500,000 with effect from 1 April 2014

In addition to this one year extension, the chancellor announced that the AIA would be increased to £500,000 with effect from 1 April 2014.

It is clear therefore that businesses need to look at their longer term plans and to ensure where possible that any major investment in plant and machinery is carried out prior to 31 December 2015.

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