Good news on plant and machinery allowances

The Chancellor announced in his Autumn Statement that there is to be a tenfold increase in the Annual Investment Allowance (AIA) from 1 January 2013 until 31 December 2015.  The annual limit for that time will be £250,000.

As always things are not quite so straightforward as at first glance.

Please see the article on the second page of our spring newsletter for more details regarding this.  As you will see there are three main points to note.  The first two have always been a feature of AIA.  The third point is whether your year end straddles 1 January 2013, if so this needs to be taken into account.  Again, any expenditure incurred during your current financial year before 1 January 2013 also needs to be taken into account.

Please contact us if we can help you further.