New Forest Ribbon
New Forest

28/01/2019

Increased Capital Allowances Started 1 January 2019

The Chancellor announced a temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery to £1 million from 1 January 2019. However transitional rules mean that the full amount will not necessarily apply to your business straight away.

For example, if your business year end is 30 June 2019 the maximum AIA would be £600,000 being 6/12 x the old £200,000 limit plus 6/12 x the new £1 million limit. The following year to 30 June 2020, the business would be entitled to the full £1 million.

For further information on Capital Allowances, please contact Michaela Johns on 023 8046 1256.

Latest Tweets

Very inspirational and motivational speech from Baroness Karren Brady at the Hampshire Business Show, which our director Michaela was lucky enough to watch!

#HBS21
@ParisSmithLLP

Great to meet the @TRwinchester team at their networking breakfast today.
It was great to hear Chief Executive, Deryck Newland and @HatFair and @PlaymakersWinch Director, Andrew Loretto, speak so passionately about the future of the theatre and arts in #Winchester @PlayToTheCrowd

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.