Annual investment allowance increased to £1m from January 2019

October 17, 2018|In KRW Tax news|By Keith Witchell

The Annual Investment Allowance allows businesses tax relief on 100% of qualifying expenditure on plant and equipment, and is currently set at £200,000 per annum. However, in a welcome measure, this will be extended to £1m per annum for a 2 year period from January 2019 to December 2020.

For further advice on this matter, please contact me.

Keith Witchell