From April 2014, the Annual Investment Allowance (AIA) has been set at £500,000 per year, up until 31 December 2015.
The AIA is a 100% allowance for tools and equipment, up to the amount of the cap. The allowance is available to the majority of individuals, partnership and companies (where all members are individuals). The AIA can ease cash flow and therefore encourages investment and makes life easier for businesses.
Bambridge Accountants provides tax and accountancy advice and services to companies and individuals, specialising in the creative and performance industries. Our daily blog includes information about our services, updates from HMRC and other changes to tax law that may affect our clients, so check back again tomorrow for the next post.