A temporary increase in the Annual Investment Allowance (AIA) to £1 million announced in the Autumn Budget 2018 is now in effect. The new allowance – five times the previous cap – will benefit businesses investing from £200,000 up to £1 million in new plant and machinery.
Enhanced Capital Allowances – save energy, save tax
Businesses which invest in energy-saving plant or machinery may be able to save tax by taking advantage of an HMRC tax break.
