Changes To Plant & Machinery Annual Investment Allowance

The Annual Investment Allowance (AIA) dictates up to what amount you can deduct the full cost of qualifying plant and machinery from your taxable profits. Any expenditure incurred outside the AIA is relieved through writing down allowances. As covered in our blog posted 27th July, from 1 January 2016 the AIA is reduced from £500,000 to £200,000, which will come as a … Continue reading Changes To Plant & Machinery Annual Investment Allowance

Changes to Annual Investment Allowance from January

Having concluded that a reduction to £25,000 would not be “remotely acceptable”, from 1 January 2016 the chancellor has set the Annual Investment Allowance at £200,000 - “it’s highest permanent level.” For those businesses whose financial year is not in line with the calendar year transitional rules will apply and the Annual Investment Allowance will be apportioned … Continue reading Changes to Annual Investment Allowance from January

Nick Park analyses the Budget on BBC Radio Wales

http://www.youtube.com/watch?v=NUwV2I5HtC8 To find out what other announcements were made in  the Chancellor's Budget, read our Budget Summary.

Budget 2015 and 2015/16 Tax Tables

Our updated Tax Tables are available here - find out what the new rates mean for you. If would like to  read our summary of the 2015 Budget, then please follow this link: Budget Summary 2015 The main issues include: Farmers averaging - Farmers will be able to average their profits over five years instead of … Continue reading Budget 2015 and 2015/16 Tax Tables