Did you know that the treasury has temporarily raised the Annual Investment Allowance (AIA) from £200,000 to £1million?
The AIA is the amount of capital investment that organisations are allowed to offset against tax in a given year. The increase in this allowance will provide significantly faster tax relief, helping businesses to invest and grow.
This is welcome news for organisations looking to invest over £200,000 in plant and machinery in 2019 or 2020.
Enhanced efficiency, growth and profitability are common benefits to organisations that introduce or expand on clean production facilities and now this added incentive will accelerate the return on investment.
Read more about the incentive at Gov.uk: Temporary increase in the Annual Investment Allowance.
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