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    Corporation tax - Capital allowances - Plant and machinery - II. Pools - Allowances 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 - II. Pools - Allowances available - Annual investment allowance - c. Amount of the allowance - 4810

    The allowance is given at the rate of 100%, up to a maximum amount of expenditure. The maximum level of expenditure covered has changed a number of times since the allowance's introduction, with...

    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...

    Capital allowance planning when incorporating your business

    There are potentially significant tax and NI savings to be made by incorporating your business. This includes a one-off planning opportunity when you buy equipment. How can you maximise your...

    Tax - selling company assets where there’s been private use

    You claimed a tax deduction for the full cost of equipment which you used to varying degrees for private purposes. You recently sold it, so how much of the sale proceeds will be taxable?