Annual Investment Allowance: Permanent increase to £200,000
From January 2016, the Annual Investment Allowance (AIA) available for 100% investment in qualifying plant and machinery will be set permanently at £200,000, instead of being reduced to £25,000 as previously intended.
This does give a degree of certainty for planning future investment, however the current allowance is much higher at £500,000. This means that if you are considering reviewing your investment in plant and machinery, you have until 31 December 2015 to take advantage of the higher allowance.
If you have any queries about this, please contact the WSM tax team on 020 8545 7600.