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    Corporation tax - Capital allowances - Plant and machinery - III. Allowances & credits available - Annual investment allowance - 4745

    The annual investment allowance (AIA) was introduced as a means of modernising and simplifying the capital allowances system. It is relevant for expenditure incurred on or after 1 April 2008...

    Corporation tax - Capital allowances - Plant and machinery - III. Allowances & credits available - Annual investment allowance - Qualifying expenditure - Excluded expenditure - 4787

    There are a number of further circumstances where the expenditure will be excluded from the application of the allowance: a. expenditure on cars; b. expenditure in the final period of the business; c....

    Flow chart - capital allowances annual investment allowance

    Flow chart - capital allowances annual investment allowance Where you purchase plant or machinery for use in your business you are entitled to claim a tax deduction for the cost. This can be...

    Annual investment allowance extended to £1m for another year

    Due to the economic downturn caused by the pandemic, the government has been urged to extend the temporary tax break for businesses investing in equipment - the annual investment allowance (AIA)....

    Business taxes - Capital allowances - Annual investment allowance

    Annual investment allowanceThe annual investment allowance (AIA) is a capital allowance (CA) which allows businesses to claim a tax deduction of 100% of qualifying expenditure, e.g. purchase...

    The annual investment allowance for employees and directors

    Directors and employees are entitled to a tax deduction for expenses they incur “wholly and exclusively” in doing their job. However, more flexible rules apply for expenditure on equipment...

    Avoiding the 2020 AIA trap

    At the end of 2020 the annual investment allowance (AIA) reverts to £200,000. If your financial year spans the change, transitional rules can unexpectedly restrict your entitlement further....

    5. Annual investment allowance - What’s the AIA?

    What’s the AIA?The AIA can be claimed in respect of qualifying expenditure, e.g. plant and machinery, including integral features but not cars. The amount of the AIA has varied significantly...

    1. Business taxes - Corporaton tax rates

    Corporaton tax ratesThe corporation tax rates were aligned on 1 April 2015 when the main rate fell to 20%. This rate is set to continue. The 2015 Finance Bill will include a provision...

    1. Business taxes - Corporaton tax rates

    Corporaton tax ratesThe corporation tax rates were aligned on 1 April 2015 when the main rate fell to 20%. This rate is set to continue. The 2015 Finance Bill will include a provision...