£1M annual investment allowance extended to March 2023

March 20, 2022|In KRW Tax news|By Keith Witchell

The current £1m annual investment allowance which allows businesses to claim tax relief on 100% of capital expenditure has been extended by a year until 31 March 2023.  This continues to run alongside the more generous 130% super deduction relief that applies to the purchase of brand new assets (and remains unlimited).

For further advice on this matter, please contact me.

Keith Witchell