Make the most of Capital Allowances
Fri, 18 Nov 2011 09:53:00
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Businesses that invest in Plant and Machinery, under the current capital allowances rules can claim an Annual Investment Allowance that enables 100% tax relief against profits for the first £100,000 spent in a year. From April 2012 the amount of 100% relief is being reduced to £25,000. Therefore the time available for maximum tax relief from investment is closing fast. Contact Nottingham Accountants Marshall Smalley to discuss the timing of a new purchase and the effect this could have on your business cashflow.  |
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