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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