Budget 2015 – Capital Allowances

Annual Investment Allowance

The current AIA is set at £500,000 per annum. and is due to make a significant drop to £25,000 per annum from 1 January 2016.  The Chancellor said that it was clear from his conversations with business groups that a reduction to £25,000 would not be “remotely acceptable” and therefore it will now definitely be set at  a “much more generous” rate.  The question remains as to what that rate will be and this will not be addressed until the Autumn Statement.

 

Anti avoidance rules for plant and machinery

The effect of the capital allowances anti avoidance rules has been clarified where there are transactions between connected parties, sale and leaseback transactions and transfer and hire-purchase transactions.  The measure removes the opportunity for avoidance in this area by restricting the expenditure for the acquiring person to nil.

<Feb 2018>
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Feb 20

No events today
I have known Alison Johnston for a number of years and have found her advice to be totally ‘spot on’, as is that of the rest of the ‘Dodds Team’. She is so much more than an ‘accountant’ – giving valuable advice on business planning, critiquing ideas and plans and offering the benefit of her experience. She has recently introduced us to ‘Kashflow’ – a tool which allows us to manage our own finances, from issuing invoices to calculating our VAT – invaluable! We are now working with her colleague Rob Bainbridge who has just completed our first set of accounts in our new business and who has been very patient with us and our many questions!! We look forward to a long and fruitful relationship with Dodd Accountants going forward.
-- Martin Hughes & Barbara Craig, The Driven Employee Limited